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Builders FirstSource (BLDR) Stock Slides as Market Rises: Facts to Know Before You Trade
Builders FirstSourceBuilders FirstSource(US:BLDR) ZACKSยท2024-09-24 22:56

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]