Builders FirstSourceNYSE: BLDR

Lately, users of Zacks.com have been focusing on Builders FirstSource (BLDR). This interest prompts a closer look at what the stock might offer.

Builders FirstSource's stock has risen by 45% in the last year, but it has dropped 10% from its peak because high mortgage rates are affecting construction. The results for the third quarter were mixed, showing a 7% drop in revenue but positive margin information, which caused a 5% increase in share price. The company is expanding into value-added products to stabilize prices and has produced $1.2 billion in free cash flow so far this year.

Builders FirstSource (BLDR) reported quarterly earnings of $3.07 per share, which is slightly below the Zacks Consensus Estimate of $3.09 per share. This is a decrease compared to earnings of $4.24 per share from the same period last year.

The Builders FirstSource, Inc. (NYSE:BLDR) Q3 2024 Earnings Call is scheduled for November 5, 2024, at 9:00 AM ET. Key company participants include CEO Dave Rush, CFO designate Peter Jackson, and SVP of Investor Relations Heather Kos. Various analysts from firms like Barclays, Goldman Sachs, and Bank of America will also be joining the call.

BLDR's performance in the third quarter shows ongoing normalization in the Multi-Family sector and core organic growth.

Builders FirstSource (BLDR) has recently caught the attention of Zacks.com users. Therefore, it's important to look into what the future holds for this stock.

Builders FirstSource (BLDR) finished the last trading day at $196.71, which is an increase of 1.92% compared to the day before.

Builders FirstSource (BLDR) has a strong track record of surprising with its earnings and currently has the right mix of factors that suggest it may exceed expectations in its upcoming quarterly report.

FREDERICKSBURG, Va.--(BUSINESS WIRE)--The JIAN Group is happy to share that it helped Douglas Lumber sell its business to Builders FirstSource. Established in 1976, Douglas Lumber is a major independent distributor of lumber and building materials in Rhode Island. Steve Carlino, President of Douglas Lumber, expressed excitement about their future with BFS after nearly 50 years as a family-run business.