How to Play Builders FirstSource (BLDR) Before Q2 Earnings?

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 ...