Builders FirstSource (BLDR) reported lackluster results for the third quarter of 2024, with earnings and net sales missing the Zacks Consensus Estimate.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Also, both the metrics declined year over year owing to lower core organic sales and commodity deflation, partially offset by growth from acquisitions and one additional selling day. Margins also declined due to ongoing Multi-Family and core organic normalization.Owing to the expected i ...

Builders FirstSource (BLDR) came out with quarterly earnings of $3.07 per share, missing the Zacks Consensus Estimate of $3.09 per share. This compares to earnings of $4.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -0.65%. A quarter ago, it was expected that this construction supply company would post earnings of $3.14 per share when it actually produced earnings of $3.50, delivering a surprise of 11.46%.Over the last fo ...

For Immediate Release Builders FirstSource Reports Third Quarter 2024 Results November 5, 2024 (Irving, TX) – Builders FirstSource, Inc. (NYSE: BLDR) today reported its results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights All Year-Over-Year Comparisons Unless Otherwise Noted: • Net sales were $4.2 billion, a 6.7% decrease, driven by lower core organic sales and commodity deflation, partially offset by growth from acquisitions and one additional selling day. • Gross profit ma ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Builders FirstSource (BLDR) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on N ...

Builders FirstSource (BLDR) closed the most recent trading day at $196.71, moving +1.92% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.77% for the day. On the other hand, the Dow registered a gain of 0.47%, and the technology-centric Nasdaq increased by 0.87%. The construction supply company's stock has climbed by 5.29% in the past month, falling short of the RetailWholesale sector's gain of 5.56% and outpacing the S&P 500's gain of 4.87%. The investment com ...

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Considering buying BLDR stock? Here's what analysts think: Builders FirstSource Inc has a consensus price target of $182.26 based on the ratings of 21 analysts. The high is $230 issued by Loop Capital on September 20, 2024. The low is $68 issued by DA Davidson on November 9, 2022. The 3 most-recent analyst ratings were r ...

The latest trading session saw Builders FirstSource (BLDR) ending at $193.86, denoting a -0.2% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.42%. Meanwhile, the Dow gained 0.04%, and the Nasdaq, a tech-heavy index, added 0.38%. The the stock of construction supply company has risen by 11.64% in the past month, leading the RetailWholesale sector's gain of 6.34% and the S&P 500's gain of 2.06%. Investors will be eagerly watching for the performance of Builders FirstSourc ...

The Federal Reserve launched the first of several expected interest rate cuts in its September meeting, making a larger-than-anticipated half-percentage-point reduction. The real estate market, plagued by issues including insufficient supply relative to surging demand and mortgage rates that have risen dramatically since their COVID-era lows, stands to benefit from the rate cut. In the days following the Fed's announcement, rates on 30-year fixed-rate mortgages dropped to just over 6.1%, their lowest rate i ...

The latest trading session saw Builders FirstSource (BLDR) ending at $193.01, denoting a -1.43% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily gain of 0.25%. Meanwhile, the Dow gained 0.2%, and the Nasdaq, a tech-heavy index, added 0.56%. Heading into today, shares of the construction supply company had gained 11% over the past month, outpacing the Retail-Wholesale sector's gain of 5.28% and the S&P 500's gain of 1.65% in that time. Investors will be eagerly wa ...

The most recent trading session ended with Builders FirstSource (BLDR) standing at $194.52, reflecting a +0.32% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily loss of 0.29%. Elsewhere, the Dow saw a downswing of 0.25%, while the tech-heavy Nasdaq depreciated by 0.31%. Shares of the construction supply company witnessed a gain of 18.12% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 4.15% and the S&P 500's gain of 1.57% ...