Boise Cascade (BCC) Misses Q4 Earnings Estimates

Core Viewpoint - Boise Cascade reported quarterly earnings of $2.44 per share, slightly missing the Zacks Consensus Estimate of $2.45 per share, and down from $2.95 per share a year ago, indicating a -0.41% earnings surprise [1] - The company generated revenues of $1.64 billion for the quarter, exceeding the Zacks Consensus Estimate by 3.69%, and showing a slight increase from $1.63 billion year-over-year [1] Earnings Performance - The earnings surprise for the latest quarter was -0.41%, while the previous quarter saw a positive surprise of 3.17% with actual earnings of $3.58 per share against an expectation of $3.47 [1] - Over the last four quarters, Boise Cascade has surpassed consensus EPS estimates three times [1] Revenue Insights - The company’s revenue of $1.64 billion for the quarter ended December 2023 was an increase from the previous year’s revenue of $1.63 billion [1] - Boise Cascade has also topped consensus revenue estimates three times over the last four quarters [1] Stock Performance - Boise Cascade shares have increased by approximately 8.2% since the beginning of the year, outperforming the S&P 500's gain of 4.9% [2] Future Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.01 on revenues of $1.51 billion, and for the current fiscal year, it is $11.39 on revenues of $6.91 billion [4] - The estimate revisions trend for Boise Cascade is currently favorable, resulting in a Zacks Rank 1 (Strong Buy) for the stock, indicating expected outperformance in the near future [4] Industry Context - The Building Products - Wood industry, to which Boise Cascade belongs, is currently ranked in the top 24% of over 250 Zacks industries, suggesting a favorable outlook for stocks within this sector [5]