Boise Cascade (BCC) Ascends But Remains Behind Market: Some Facts to Note
The latest trading session saw Boise Cascade (BCC) ending at $94.03, denoting a +0.13% adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 1.06%. Meanwhile, the Dow gained 0.93%, and the Nasdaq, a tech-heavy index, added 1.2%.
Shares of the engineered wood products and plywood company witnessed a loss of 6.17% over the previous month, trailing the performance of the Construction sector with its loss of 4.72% and the S&P 500's loss of 3%.
Investors will be eagerly watching for the performance of Boise Cascade in its upcoming earnings disclosure. On that day, Boise Cascade is projected to report earnings of $3.44 per share, which would represent a year-over-year decline of 37.68%. Simultaneously, our latest consensus estimate expects the revenue to be $1.85 billion, showing a 14.24% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $11.75 per share and a revenue of $6.7 billion, demonstrating changes of -45.5% and -20.08%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Boise Cascade. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Boise Cascade presently features a Zacks Rank of #3 (Hold).
Looking at valuation, Boise Cascade is presently trading at a Forward P/E ratio of 7.99. This expresses a discount compared to the average Forward P/E of 15.94 of its industry.
The Building Products - Wood industry is part of the Construction sector. This group has a Zacks Industry Rank of 194, putting it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Boise Cascade, L.L.C. (BCC) : Free Stock Analysis Report
