Published on 27 May 2024 on Zacks via Yahoo Finance
Builders FirstSource (BLDR) Stock Up 48% in a Year: Here's Why
Builders FirstSource, Inc.’s BLDR shares gained 48% in the past year compared with the Zacks Building Products – Retail industry’s 9.7% increase. It is likely to gain further on the back of strategic acquisitions, focus on innovations and digital solutions for customers, cost synergies and stable liquidity.Although earnings estimates for 2024 have decreased in the past 30 days, it has a solid earnings surprise history. Its earnings have surpassed the Zacks Consensus Estimate in the trailing 23 quarters. The company also has a VGM Score of A, supported by both a Value and a Growth Score of A.Let’s delve deeper into the factors that are making this building materials supplier attractive among investors.
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