Core Insights - UFP Industries reported quarterly earnings of $1.7 per share, missing the Zacks Consensus Estimate of $1.95 per share, and down from $2.05 per share a year ago [1] - The company posted revenues of $1.84 billion for the quarter, missing the Zacks Consensus Estimate by 0.92%, and down from $1.9 billion year-over-year [3] - UFP Industries has not surpassed consensus EPS estimates over the last four quarters, with a recent earnings surprise of -12.82% [2] Earnings Performance - The earnings surprise for the latest quarter was -12.82%, following a previous quarter surprise of -18.24% [2] - The current consensus EPS estimate for the upcoming quarter is $1.64, with expected revenues of $1.67 billion, and for the current fiscal year, the estimate is $6.19 on $6.62 billion in revenues [8] Market Performance - UFP Industries shares have declined approximately 6.9% since the beginning of the year, contrasting with the S&P 500's gain of 8.6% [4] - The company has topped consensus revenue estimates only once in the last four quarters [3] Industry Outlook - The Building Products - Wood industry, to which UFP Industries belongs, is currently ranked in the bottom 12% of over 250 Zacks industries, indicating potential challenges ahead [9] - The performance of UFP Industries may be influenced by the overall outlook for the industry [9] Future Expectations - The company's earnings outlook is crucial for investors, with a favorable trend in estimate revisions noted prior to the earnings release, resulting in a Zacks Rank 2 (Buy) for the stock [7] - The upcoming earnings report from Louisiana-Pacific, a competitor in the same industry, is anticipated to show a significant year-over-year decline in earnings [10][11]