Published on 7 May 2024 on Zacks via Yahoo Finance
What to Note Ahead of Builders FirstSource's (BLDR) Q1 Earnings
Builders FirstSource, Inc. BLDR is slated to report first-quarter 2024 results on May 7, before the opening bell.In the last reported quarter, the company’s adjusted earnings and net sales topped the Zacks Consensus Estimate by 31.5% and 3.4%, respectively. Earnings increased 10.6% but net sales declined 4.7% from the year-ago quarter.The company’s earnings have topped the consensus mark in each of the trailing 22 quarters.
Trend in Estimate Revision
The Zacks Consensus Estimate for BLDR’s first-quarter earnings is pegged at $2.42 per share, indicating an 18.2% decrease from the prior year’s reported figure of $2.96. Nonetheless, the estimated figure reflects an upward revision from $2.41 in the past 30 days.