Builders FirstSource Falls as Indexes Rise Ahead of Earnings

Builders FirstSource shares fell 1.92% to $56.25 in the latest session, while major U.S. indexes rose. The S&P 500 gained 0.73%, the Dow added 0.49%, and the Nasdaq rose 1.19%.

Before the session, BLDR had fallen 10.64%, compared with a 4.61% decline in the Retail-Wholesale sector. The S&P 500 had gained 0.55% over that period.

The company plans to report earnings on October 29. Zacks’ consensus estimate calls for earnings of $1.16 per share, down 38.3% from a year earlier, and revenue of $3.8 billion, a 3.62% decrease.

For the full year, consensus estimates project earnings of $3.19 per share and revenue of $14.32 billion. Those figures would represent year-over-year declines of 53.7% and 5.71%, respectively.

Zacks reported that its consensus estimate for the company’s earnings per share had risen 1.18% over the past month. It also put Builders FirstSource’s forward price-to-earnings ratio at 17.99, below the industry average of 18.16.