Builders FirstSource Inc reports results for the quarter ended in January 1 - Earnings Summary

Builders Firstsource

06/11/2024 04:45

* Builders FirstSource Inc  BLDR.N  reported quarterly
adjusted
earnings of $3.07​​ per share for the quarter ended January 1,
lower than the same quarter last year, when the company reported
EPS of $4.24.  The mean expectation of seventeen analysts for
the quarter was for earnings of $2.98 per share. Wall Street
expected results to range from $2.58  to $3.28 per share.
    * Revenue fell 6.7% to $4.23 billion from a year ago;
analysts
expected $4.45 billion. 
    * Builders FirstSource Inc's reported EPS for the quarter
was
$2.44​.
    * The company reported quarterly net income of $284.78
million.
    * Builders FirstSource Inc shares had fallen by 11.1% this
quarter and gained 3.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7% in
the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 13 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the construction
supplies & fixtures peer group is also "buy"

Wall Street's median 12-month price target for Builders
FirstSource Inc is $215.50 
This summary was machine generated from LSEG data November 6 at
04:45 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      2.98           3.07           Beat
 Jun. 30 2024      3.02           3.50           Beat
 Mar. 31 2024      2.30           2.65           Beat
 Dec. 31 2023      2.54           3.55           Beat