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Boise Cascade (BCC) closed the most recent trading day at $73.04, moving +0.01% from the previous trading session. This change outpaced the S&P 500's 1.22% loss on the day. At the same time, the Dow lost 0.19%, and the tech-heavy Nasdaq lost 0.53%.
Prior to today's trading, shares of the engineered wood products and plywood company had gained 4.03% over the past month. This has outpaced the Construction sector's loss of 9.35% and the S&P 500's loss of 6.58% in that time.
Boise Cascade will be looking to display strength as it nears its next earnings release. In that report, analysts expect Boise Cascade to post earnings of $2.48 per share. This would mark year-over-year growth of 40.91%.
Any recent changes to analyst estimates for Boise Cascade should also be noted by investors. 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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. The Zacks Consensus EPS estimate has moved 10.58% higher within the past month. Boise Cascade is holding a Zacks Rank of #1 (Strong Buy) right now.
In terms of valuation, Boise Cascade is currently trading at a Forward P/E ratio of 7.9. For comparison, its industry has an average Forward P/E of 19.45, which means Boise Cascade is trading at a discount to the group.
Investors should also note that BCC has a PEG ratio of 3.45 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Building Products - Wood was holding an average PEG ratio of 2.38 at yesterday's closing price.
The Building Products - Wood industry is part of the Construction sector. This group has a Zacks Industry Rank of 18, putting it in the top 8% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Boise Cascade, L.L.C. (BCC) : Free Stock Analysis Report
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