Builders FirstSource (BLDR) came out with quarterly earnings of $3.50 per share, beating the Zacks Consensus Estimate of $3.14 per share. This compares to earnings of $3.89 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 11.46%. A quarter ago, it was expected that this construction supply company would post earnings of $2.42 per share when it actually produced earnings of $2.65, delivering a surprise of 9.50%. Over the last f ...

Footnote Builders® OUTPERFORM TODAY. TRANSFORM TOMORROW. Q2 2024 Earnings Presentation D A V E R U S H , C E O P E T E R J A C K S O N , C F O A U G U S T 6 , 2 0 2 4 Safe Harbor & Non-GAAP Financial Measures Footnote Cautionary Notice Statements in this presentation and the schedules hereto that are not purely historical facts or that necessarily depend upon future events, including statements about forecasted financial performance or other statements about anticipations, beliefs, expectations, hopes, syne ...

For Immediate Release Builders FirstSource Reports Second Quarter 2024 Results August 6, 2024 (Irving, TX) – Builders FirstSource, Inc. (NYSE: BLDR) today reported its results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights All Year-Over-Year Comparisons Unless Otherwise Noted: • Net sales were $4.5 billion, a 1.6% decrease, with core organic sales down 3.8% as Multi-Family continues to trend downward, partially offset by growth from acquisitions and Single Family. • Gross profit ...

Builders FirstSource, Inc. (BLDR) is slated to report second-quarter 2024 results on Aug 6, before the opening bell. In the last reported quarter, the company's adjusted earnings topped the Zacks Consensus Estimate but declined 10.5% year over year due to tepid net sales and a timing shift in product mix toward lower margins. The weakening Multi-Family market and higher mortgage rates were major headwinds despite growth in the Single- Family market. On an impressive note, BLDR has a solid earnings surprise ...

Below are three underperforming S&P 500 stocks that were down 30% or more in the second quarter. They were the worst-performing stocks on the index. But since they are offering extreme discounts, let's see if they are worth diving into now. Despite the IT stock beating analyst estimates for the period, its guidance for the second quarter and full-year underwhelmed the market. EPAM forecasts a 2.6% decline in Q2 sales and a better than 1% drop in revenue for all of 2024. It guided full-year revenue toward a ...

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 ...

But in a strong housing market, BLDR beat all comps, rising out of the bear market lows of late 2022 to post stock performance of over +225% by March of this year. The driver of that rally was an EPS trailing twelve-month (TTM) moonshot from $2 to $18 that occurred from 2020 through 2022. First, the macro supply/demand situation can best be described by data from Lance Lambert who goes by @NewsLambert on Twitter. Here's how he previewed his new research service in October of 2023... May 2023: 7 of 200 You c ...