Beazer Homes (BZH) Gains As Market Dips: What You Should Know
In the latest trading session, Beazer Homes (BZH) closed at $18.28, marking a +0.88% move from the previous day. This change outpaced the S&P 500's 0.91% loss on the day.
Heading into today, shares of the homebuilder had gained 3.48% over the past month, outpacing the Construction sector's loss of 3.1% and the S&P 500's gain of 0.01% in that time.
Wall Street will be looking for positivity from BZH as it approaches its next earnings report date. The company is expected to report EPS of $0.82, down 3.53% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $581.65 million, down 15.3% from the year-ago period.
BZH's full-year Zacks Consensus Estimates are calling for earnings of $3.26 per share and revenue of $2.13 billion. These results would represent year-over-year changes of +72.49% and -0.06%, respectively.
Investors might also notice recent changes to analyst estimates for BZH. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.3% lower. BZH is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, BZH is currently trading at a Forward P/E ratio of 5.56. This represents a discount compared to its industry's average Forward P/E of 6.76.
The Building Products - Home Builders industry is part of the Construction sector. This group has a Zacks Industry Rank of 53, putting it in the top 21% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Beazer Homes USA, Inc. (BZH) : Free Stock Analysis Report
To read this article on Zacks.com click here.
