Builders FirstSource (BLDR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

IRVING, Texas, May 01, 2024--Builders FirstSource, Inc. (NYSE: BLDR) ("Builders FirstSource" or the "Company"), the nation’s largest supplier of building products, prefabricated components, and value-added services to the professional market for new residential construction and repair and remodeling, announced today that it has published its 2024 Corporate Social Responsibility (CSR) report, highlighting how the Company aligns and advances sustainability within its business strategy to deliver v

Based on the average brokerage recommendation (ABR), Builders FirstSource (BLDR) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?

Builders FirstSource, Inc. ( NYSE:BLDR ) shareholders might be concerned after seeing the share price drop 12% in the...

Shares of homebuilders and building products firms are tumbling after the Census Bureau's tally of housing starts showed a big decline in March. Housing starts fell 14.7% from February to a seasonally adjusted annual rate of 1.47 million, a bad sign heading into the spring building season that suggests mortgage rates' recent climb toward 7% is taking a toll on demand. It has been a sharp reversal for shares of homebuilders and companies that manufacture and distribute building products.

IRVING, Texas, April 09, 2024--Builders FirstSource, Inc. (NYSE: BLDR) ("Builders FirstSource" or the "Company") will host a conference call and webcast on Tuesday, May 7, 2024, to discuss the Company’s financial results and other business matters. The teleconference will begin at 8:00 a.m. Central Time and will be hosted by Dave Rush, Chief Executive Officer, and Peter Jackson, Chief Financial Officer.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Construction employment continues to boom, adding 39,000 jobs last month and 270,000 since March 2023, according to Labor Department data. When the Fed began hiking interest rates about two years ago, the central bank was searching for the magic number that would cool the red-hot housing market. The highest borrowing costs in decades prevented homeowners locked into cheap loans from moving and forced a lot of house hunters into new construction.

Wedbush Securities downgraded multiple homebuilding stocks including Lennar (LEN), D.R. Horton (DHI), and LGI Homes (LGIH), claiming they could see seasonal price declines. Despite the downgrade, they maintained their price targets for all five stocks. Wedbush Securities Equity Research SVP Jay McCanless — the analyst behind the call — joins Market Domination to break down the reasoning and take a look at the homebuilding sector and how it may play out going forward. In terms of which of the sto...

Builders FirstSource (BLDR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.