For its first fiscal quarter (ending March 31), Builders FirstSource Inc (NYSE: BLDR) has reported a -13% decline in E.P.S. from $2.44 a year ago to $2.12 in the current quarter. This performance was $-0.25 short of the consensus estimate of $2.37. E.P.S. were $11.80 for the latest four quarters through March 31 versus $15.62 for the same period a year ago — a decline of -24%.
Recent Price Action
Builders FirstSource Inc (NYSE: BLDR) stock suffered a major decline of -19.0% on 5/7/24. The shares closed at $162.62. Moreover, trading volume in this decline was exceptionally high at 583% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -13.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, BLDR is expected to continue to be a major Value Builder.
Builders FirstSource has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Builders FirstSource has a slightly positive Appreciation Score of 65 and a very high Power Rating of 97, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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