Inventory is sitting. Builders in a lot of markets are now cutting prices or offering incentives just to move finished homes. You don’t order framing packages for the next phase if the last phase hasn’t sold yet.Housing affordability is still brutal. Buyers are backing off because monthly payments are ugly, even if sticker prices come down a little. That stalls new single-family construction, which is a core driver of flatbed loads like studs, trusses, sheathing and roofing materials into subdivisions.Here’ ...

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].