EQUITY RESEARCH | May 8, 2025 | 6:45AM CS T PROPERTY MANAGEMENT BUILDING PRODUCTS HOME FURNISHING & APPLIANCES CONSTRUCTION MATERIALS AGENCY DEVELOPERS China Shifting to domestic demand story; highlighting Buy ideas in property value chain We turn more constructive on property value chain stocks as we see potential policy support for domestic demand as a multi-year effort to mitigate external uncertainties. We view the selected 7 stocks in 5 sectors (developer: CRL, building materials: Yuhong/BNBM/Kinlong, ...

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Beacon Roofing Supply, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - The consensus estimate predicts a quarterly loss of $0.21 per share, reflecting a year-over-year change of -151.2% [3]. - Expected revenues are $1.91 billion, which is a decrease of 0.2% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 0.06% higher in the last 30 days, indicating a slight reassessment by analysts [4]. - The Most Accurate Estimate is lower than the Zacks Consensus Estimate, leading to a negative Earnings ESP of -233.87% [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation from consensus estimates, with positive readings being more predictive of earnings beats [6][7]. - Stocks with a positive Earnings ESP and a Zacks Rank of 1, 2, or 3 have shown a nearly 70% success rate in delivering positive surprises [8]. Historical Performance - In the last reported quarter, Beacon Roofing was expected to earn $1.67 per share but delivered $1.65, resulting in a surprise of -1.20% [12]. - Over the past four quarters, the company has only beaten consensus EPS estimates once [13]. Conclusion - Beacon Roofing does not appear to be a strong candidate for an earnings beat, and investors should consider other factors when making decisions regarding the stock [16].