For Immediate Release Builders FirstSource Reports Third Quarter 2024 Results November 5, 2024 (Irving, TX) – Builders FirstSource, Inc. (NYSE: BLDR) today reported its results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights All Year-Over-Year Comparisons Unless Otherwise Noted: • Net sales were $4.2 billion, a 6.7% decrease, driven by lower core organic sales and commodity deflation, partially offset by growth from acquisitions and one additional selling day. • Gross profit ma ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Builders FirstSource (BLDR) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on N ...

Builders FirstSource (BLDR) closed the most recent trading day at $196.71, moving +1.92% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.77% for the day. On the other hand, the Dow registered a gain of 0.47%, and the technology-centric Nasdaq increased by 0.87%. The construction supply company's stock has climbed by 5.29% in the past month, falling short of the RetailWholesale sector's gain of 5.56% and outpacing the S&P 500's gain of 4.87%. The investment com ...

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Considering buying BLDR stock? Here's what analysts think: Builders FirstSource Inc has a consensus price target of $182.26 based on the ratings of 21 analysts. The high is $230 issued by Loop Capital on September 20, 2024. The low is $68 issued by DA Davidson on November 9, 2022. The 3 most-recent analyst ratings were r ...

The latest trading session saw Builders FirstSource (BLDR) ending at $193.86, denoting a -0.2% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.42%. Meanwhile, the Dow gained 0.04%, and the Nasdaq, a tech-heavy index, added 0.38%. The the stock of construction supply company has risen by 11.64% in the past month, leading the RetailWholesale sector's gain of 6.34% and the S&P 500's gain of 2.06%. Investors will be eagerly watching for the performance of Builders FirstSourc ...

The Federal Reserve launched the first of several expected interest rate cuts in its September meeting, making a larger-than-anticipated half-percentage-point reduction. The real estate market, plagued by issues including insufficient supply relative to surging demand and mortgage rates that have risen dramatically since their COVID-era lows, stands to benefit from the rate cut. In the days following the Fed's announcement, rates on 30-year fixed-rate mortgages dropped to just over 6.1%, their lowest rate i ...

Company Performance - Builders FirstSource (BLDR) ended the latest trading session at $193.01, reflecting a -1.43% adjustment from the previous day's close, underperforming the S&P 500 which gained 0.25% [1] - Over the past month, shares of Builders FirstSource have increased by 11%, outperforming the Retail-Wholesale sector's gain of 5.28% and the S&P 500's gain of 1.65% [1] Upcoming Earnings - Builders FirstSource is expected to report an EPS of $3.10, indicating a 26.89% decline from the same quarter last year, with a revenue forecast of $4.47 billion, representing a 1.51% decrease compared to the prior year [2] - For the annual period, the Zacks Consensus Estimates predict earnings of $11.68 per share and revenue of $16.82 billion, reflecting declines of -19.95% and -1.6% respectively from the previous year [3] Analyst Estimates and Valuation - Recent changes to analyst estimates for Builders FirstSource suggest a correlation with near-term business trends, with positive revisions indicating analysts' confidence in the company's performance [3][4] - Builders FirstSource currently has a Zacks Rank of 3 (Hold), with a recent 1.97% decrease in the Zacks Consensus EPS estimate over the last 30 days [5] - The company is trading at a Forward P/E ratio of 16.77, which is lower than the industry average of 19.42, suggesting it is trading at a discount [6] Industry Context - Builders FirstSource has a PEG ratio of 11.56, significantly higher than the industry average PEG ratio of 3.32, indicating a disparity in expected earnings growth [7] - The Building Products - Retail industry, to which Builders FirstSource belongs, has a Zacks Industry Rank of 204, placing it in the bottom 20% of over 250 industries [8]

The most recent trading session ended with Builders FirstSource (BLDR) standing at $194.52, reflecting a +0.32% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily loss of 0.29%. Elsewhere, the Dow saw a downswing of 0.25%, while the tech-heavy Nasdaq depreciated by 0.31%. Shares of the construction supply company witnessed a gain of 18.12% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 4.15% and the S&P 500's gain of 1.57% ...

A month has gone by since the last earnings report for Builders FirstSource (BLDR) . Shares have added about 10.5% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Builders FirstSource due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Builders FirstSource's Q2 Earning ...

When trying to figure out where the economy is going (let alone the stock market), investors often throw a handful or three indicators to keep track of without knowing which is accurate and which is not. So, to keep all the noise out, investors can trust the data tested by one of Wall Street's best investors, Stanley Druckenmiller. He has quoted that, as recently as the beginning of COVID-19, two sectors can provide investors with a reliable gauge to give the Federal Reserve a run for its money in predictin ...