Yahoo Finance Countdown to TopBuild (BLD) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS
Wall Street analysts forecast that TopBuild (BLD) will report quarterly earnings of $4.56 per share in its upcoming release, pointing to a year-over-year increase of 4.6%. It is anticipated that revenues will amount to $1.31 billion, exhibiting an increase of 3.2% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific TopBuild metrics that are commonly monitored and projected by Wall Street analysts.
Based on the collective assessment of analysts, 'Net Sales- Specialty Distribution' should arrive at $561.70 million. The estimate indicates a year-over-year change of +0.6%.
The collective assessment of analysts points to an estimated 'Net Sales- Installation' of $803.24 million. The estimate indicates a change of +4.7% from the prior-year quarter.
The combined assessment of analysts suggests that 'Operating profit, as reported- Installation' will likely reach $155.35 million. Compared to the present estimate, the company reported $146.90 million in the same quarter last year.
The consensus estimate for 'Operating profit, as reported- Specialty Distribution' stands at $76.79 million. The estimate compares to the year-ago value of $73.33 million.
View all Key Company Metrics for TopBuild here>>>
Shares of TopBuild have demonstrated returns of -7.6% over the past month compared to the Zacks S&P 500 composite's -4.2% change. With a Zacks Rank #2 (Buy), BLD is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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TopBuild Corp. (BLD) : Free Stock Analysis Report
