TopBuild Corp (NYSE: BLD) has reported earnings for its first fiscal quarter (ending March 31) of $4.82 versus $4.31 for the same period a year ago — an increase of 12%. Relative to the consensus estimate of $4.81, this was a premium of $0.01. E.P.S. were $19.95 for the latest four quarters through March 31 versus $18.07 for the same period a year ago — an increase of 10%.
Recent Price Action
On 5/7/24, TopBuild Corp (NYSE: BLD) stock suffered a large decline of -5.0%, closing at $396.60. Moreover, exceptionally high trading volume at 211% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -4.2% during the last week.
Current PriceTarget Research Rating
BLD’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
TopBuild has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. TopBuild has a neutral Appreciation Score of 46 but a very high Power Rating of 98, and the Highest Value Trend Rating results.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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