Published on 16 May 2021 on Simply Wall St. via Yahoo Finance

Analysts Expect Cornerstone Building Brands, Inc. (NYSE:CNR) To Breakeven Soon

Cornerstone Building Brands, Inc. (NYSE:CNR) is possibly approaching a major achievement in its business, so we would like to shine some light on the company. Cornerstone Building Brands, Inc., together with its subsidiaries, designs, engineers, manufactures, markets, and installs external building products for the commercial, residential, and repair and remodel markets in the United States, Canada, Mexico, and internationally. On 31 December 2020, the US$1.5b market-cap company posted a loss of US$483m for its most recent financial year. The most pressing concern for investors is Cornerstone Building Brands' path to profitability – when will it breakeven? Below we will provide a high-level summary of the industry analysts’ expectations for the company.

View our latest analysis for Cornerstone Building Brands

Consensus from 3 of the American Building analysts is that Cornerstone Building Brands is on the verge of breakeven. They expect the company to post a final loss in 2020, before turning a profit of US$81m in 2021. So, the company is predicted to breakeven approximately a year from now or less! We calculated the rate at which the company must grow to meet the consensus forecasts predicting breakeven within 12 months. It turns out an average annual growth rate of 141% is expected, which is rather optimistic! Should the business grow at a slower rate, it will become profitable at a later date than expected.