Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings. Builders FirstSource (BLDR) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Over the past month, shares of this construction supply com ...

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Builders FirstSource. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. The Building Products - Retail industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 221, positioning it in the bottom 13% of all 250+ industries. The con ...

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $12.93 per share and a revenue of $17.82 billion, representing changes of -11.38% and +4.25%, respectively, from the prior year. Builders FirstSource (BLDR) closed the latest trading day at $137.86, indicating a +0.82% change from the previous session's end. The stock exceeded the S&P 500, which registered a gain of 0.09% for the day. At the same time, the Dow added 0.09%, and the tech-heavy Nasdaq gained 0.3%. The investme ...

Builders FirstSource (BLDR) closed the most recent trading day at $143.19, moving -1.07% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.16%. Meanwhile, the Dow experienced a rise of 0.04%, and the technology-dominated Nasdaq saw a decrease of 0.18%. The investment community will be paying close attention to the earnings performance of Builders FirstSource in its upcoming release. The company's upcoming EPS is projected at $3.16, signifying a 18.77% drop c ...

Company Performance - Builders FirstSource (BLDR) has shown remarkable stock performance, rising over 225% since the lows of late 2022 [1] - The company's trailing twelve-month (TTM) earnings per share (EPS) surged from $2 to $18 between 2020 and 2022 [2] - BLDR reported quarterly earnings of $2.65 per share, surpassing the Zacks Consensus Estimate of $2.42 per share, although this is a decrease from $2.96 per share a year ago [14] Market Dynamics - The overall housing market is characterized by a significant shortage, particularly in sunbelt markets, which are expected to attract new homeowners [8] - Despite rising interest rates and housing prices affecting affordability, the demand for housing remains strong due to ongoing shortages [7][20] - TTM revenues for BLDR tripled from $7.5 billion to $23 billion during the same period of stock performance [18] Digital Innovation - BLDR has embraced digital tools to enhance construction processes, including the myBLDR.com platform that utilizes 3D modeling to streamline building [21][25] - The READY-FRAME® system offers pre-cut, labeled lumber packages, which aids in efficiency and reduces waste during construction [24][25] - Collaboration with industry experts like Matt Risinger highlights the company's commitment to high-performance construction and building science [23] Future Outlook - Analysts have noted a slowdown in BLDR's growth, leading to downward revisions in EPS estimates, although the adjustments are minor [15][27] - The company is expected to continue benefiting from the digital transformation in home building, with potential buying opportunities identified in the $120-140 range [28]

Brokerage Recommendation Trends for BLDR Check price target & stock forecast for Builders FirstSource here>>> The ABR suggests buying Builders FirstSource, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation. Are you wondering why? The vested interest of brokerage firms in a stock they cover often r ...

Prior to today's trading, shares of the construction supply company had lost 12.09% over the past month. This has lagged the Retail-Wholesale sector's gain of 0.79% and the S&P 500's gain of 3.96% in that time. Builders FirstSource (BLDR) closed at $151.15 in the latest trading session, marking no change from the prior day. This move lagged the S&P 500's daily gain of 0.23%. Meanwhile, the Dow experienced a drop of 0.17%, and the technology-dominated Nasdaq saw an increase of 0.34%. Market participants will ...

There are tens of thousands of stocks to choose from when it comes to investing, so many that investors oftentimes find themselves stuck with choice paralysis. While investors see the same obvious big names flying around news headlines all the time, the most attractive investments are often stocks that are still flying under the radar. Oftentimes, companies like these have largely underappreciated business models that require proper due diligence to discover. Northrop Grumman (NOC) Northrop Grumman (NYSE:NO ...

A month has gone by since the last earnings report for Builders FirstSource (BLDR) . Shares have lost about 8.3% in that time frame, underperforming the S&P 500. Builders FirstSource reported better-than-expected results in first-quarter 2024. Both earnings and net sales surpassed the Zacks Consensus Estimate. The company reported adjusted earnings per share (EPS) of $2.65, which beat the consensus mark of $2.42 by 9.5%. The reported figure declined 10.5% from the year-ago EPS figure of $2.96, due to lower ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Builders FirstSource (BLDR) . Builders FirstSource currently has an averag ...