In the latest trading session, Builders FirstSource (BLDR) closed at $58.20, marking a -0.44% move from the previous day. This change was narrower than the S&P 500's daily loss of 2.11%. Meanwhile, the Dow lost 1.54%, and the Nasdaq, a tech-heavy index, lost 0.3%.
Coming into today, shares of the construction supply company had lost 0.26% in the past month. In that same time, the Retail-Wholesale sector lost 6.69%, while the S&P 500 lost 8.19%.
Builders FirstSource will be looking to display strength as it nears its next earnings release. In that report, analysts expect Builders FirstSource to post earnings of $3.42 per share. This would mark year-over-year growth of 0.88%. Meanwhile, our latest consensus estimate is calling for revenue of $5.18 billion, down 5.91% from the prior-year quarter.
BLDR's full-year Zacks Consensus Estimates are calling for earnings of $15.86 per share and revenue of $21.91 billion. These results would represent year-over-year changes of +53.68% and +10.13%, respectively.
Any recent changes to analyst estimates for Builders FirstSource should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 3.35% higher within the past month. Builders FirstSource is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Builders FirstSource is holding a Forward P/E ratio of 3.69. This represents a discount compared to its industry's average Forward P/E of 8.16.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 91, which puts it in the top 37% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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