The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
I reiterate my hold rating on BLDR due to ongoing headwinds, including weak housing demand, declining revenue, and shrinking margins. BLDR's 4Q24 results showed an 8% y/y revenue decline, with multi-family revenue dropping 29.1% y/y, and gross margin falling 300 bps. High mortgage rates and a 25% tariff on Canadian lumber imports continue to pressure BLDR's profitability and free cash flow outlook.
Recently, Zacks.com users have been paying close attention to Builders FirstSource (BLDR). This makes it worthwhile to examine what the stock has in store.
Investors need to pay close attention to Builders FirstSource (BLDR) stock based on the movements in the options market lately.
Builders FirstSource Inc. NYSE: BLDR is the nation's largest supplier of structural building products and pre-fabricated components, primarily catering to contractors, professional homebuilders and remodelers. It operates nearly 570 distribution and manufacturing centers and lumberyards across 43 states.
Builders FirstSource's fourth-quarter 2024 results reflect adverse impacts of lower sales volume across the Value-Added product category. Here's why.
Builders FirstSource (BLDR) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Start Time: 09:00 January 1, 0000 10:09 AM ET Builders FirstSource, Inc. (NYSE:BLDR ) Q4 2024 Earnings Conference Call February 20, 2025, 09:00 AM ET Company Participants Peter Jackson - President and CEO Pete Beckmann - CFO Heather Kos - SVP, IR Conference Call Participants Matthew Bouley - Barclays Mike Dahl - RBC Capital Markets John Lovallo - UBS Charles Perron-Piche - Goldman Sachs Rafe Jadrosich - Bank of America David Manthey - Baird Keith Hughes - Truist Philip Ng - Jeffries Trey Grooms - Stephens Adam Baumgarten - Zelman & Associates Brian Biros - Thompson Research Group Jay McCanless - Wedbush Jeffrey Stevenson - Loop Capital Operator Good day, and welcome to the Builders FirstSource Fourth Quarter 2024 and Full Year Earnings Conference Call. Today's call is scheduled to last about 1 hour, including remarks by management and the question-and-answer session.
BLDR's fourth-quarter performance reflects dismal core organic sales along with ongoing Single-Family and Multi-Family margin normalization.
Builders FirstSource (BLDR) came out with quarterly earnings of $2.31 per share, beating the Zacks Consensus Estimate of $2.24 per share. This compares to earnings of $3.55 per share a year ago.
BLDR's fourth-quarter 2024 results are likely to reflect tepid volume trends amid macro risks. Dive in to know more about the factors impacting earnings.
Builders FirstSource (BLDR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.