BLDR Q1 EPS misses estimates as sales fall 10%. Sales, however, beat forecasts.
Builders FirstSource faces significant headwinds from declining single-family home construction, with shares down 30% over the past year. Q1 results were weak: revenue fell 11%, EPS dropped 82%, and adjusted EBITDA declined 42%, reflecting deteriorating margins and operating leverage. BLDR cut revenue and EBITDA guidance by $200 million, now expecting $1.1–$1.5 billion EBITDA and $400–$500 million free cash flow for the year.
BLDR is to post Q1 results on April 30, with projected EPS of 39 cents on $3.17B in sales as housing softness and lumber deflation test margins.
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.
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.
Eagle Global Advisors LLC lifted its position in shares of Builders FirstSource, Inc. (NYSE: BLDR) by 46.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,242 shares of the company's stock after purchasing an additional 19,062
Investors need to pay close attention to BLDR stock based on the movements in the options market lately.
Builders FirstSource (BLDR) closed at $85.13 in the latest trading session, marking a -3.01% move from the prior day.
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.
Builders FirstSource (BLDR) reached $85.21 at the closing of the latest trading day, reflecting a +2.55% change compared to its last close.
In the latest trading session, Builders FirstSource (BLDR) closed at $78.93, marking a -3.81% move from the previous day.
Builders FirstSource (BLDR) closed the most recent trading day at $80.97, moving 1.65% from the previous trading session.