Builders FirstSource (BLDR) Rises Higher Than Market: Key Facts

In the latest trading session, Builders FirstSource (BLDR) closed at $90.51, marking a +1.54% move from the previous day. The stock's change was more than the S&P 500's daily gain of 1.18%. At the same time, the Dow added 0.59%, and the tech-heavy Nasdaq gained 2.07%. Coming into today, shares of the construction supply company had gained 16.89% in the past month. In that same time, the Retail-Wholesale sector lost 5.89%, while the S&P 500 lost 2.9%. The upcoming earnings release of Builders FirstSource will be of great interest to investors. The company is forecasted to report an EPS of $1.32, showcasing a 44.54% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $3.93 billion, down 7.22% from the year-ago period. For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.26 per share and a revenue of $14.87 billion, signifying shifts of -38.17% and -2.08%, respectively, from the last year. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Builders FirstSource. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits. 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Builders FirstSource is holding a Zacks Rank of #5 (Strong Sell) right now. Investors should also note Builders FirstSource's current valuation metrics, including its Forward P/E ratio of 20.9. This indicates a premium in contrast to its industry's Forward P/E of 17.32. One should further note that BLDR currently holds a PEG ratio of 2.14. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Building Products - Retail industry was having an average PEG ratio of 1.44. The Building Products - Retail industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 233, this industry ranks in the bottom 5% of all industries, numbering over 250. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions. Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks