DA Davidson Estimates Q3 2023 Earnings Per Share for Builders FirstSource, Inc
August 9, 2023
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Builders ($NYSE:BLDR) FirstSource, Inc., is a leading supplier and manufacturer of building materials and construction services, based in Dallas, Texas. DA Davidson stock analysts have estimated the Q3 2023 earnings per share for Builders FirstSource, Inc. This estimated earnings projection will be an important indicator of the company’s financial health in the upcoming quarters. Analysts are expecting the company to post strong profits as demand for its products continues to increase, driven by the housing market recovery.
The rising prices of lumber and other building materials are expected to play a major role in driving Builders FirstSource’s growth in the near term. The company is also expected to benefit from strong revenue growth due to its expanding customer base.
Earnings
According to its earning report for the quarter ending June 30 2021, Builders FirstSource, Inc. reported total revenue of 5576.68M USD and net income of 497.24M USD. This reflects a decrease of 19.5% in total revenue and 49.6% in net income compared to the results from the same quarter last year. Over the last three years, BUILDERS FIRSTSOURCE’s total revenue has decreased from 5576.68M USD to 4528.89M USD.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Builders Firstsource. More…
| Total Revenues | Net Income | Net Margin |
| 18.53k | 1.86k | 10.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Builders Firstsource. More…
| Operations | Investing | Financing |
| 3.52k | -962.2 | -2.63k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Builders Firstsource. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 10.73k | 6.39k | 34.73 |
Key Ratios Snapshot
Some of the financial key ratios for Builders Firstsource are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 35.3% | 87.0% | 13.9% |
| FCF Margin | ROE | ROA |
| 16.5% | 35.9% | 15.1% |
Market Price
According to the estimates, BUILDERS FIRSTSOURCE stock opened at $150.4 and closed at $152.2, marking a 1.7% increase from its last closing price of 149.6. This is a positive sign for the company, indicating a likely healthy performance in the upcoming quarter. It is also encouraging news for investors, who have likely been watching the stock closely since the estimates were released. With these numbers in mind, it appears that BUILDERS FIRSTSOURCE should have a good showing in the third quarter of 2023. Live Quote…
Analysis
GoodWhale conducted an analysis of BUILDERS FIRSTSOURCE‘s wellbeing. According to Star Chart, the company is strong in growth and profitability, medium in asset and weak in dividend. We gave BUILDERS FIRSTSOURCE a health score of 8/10, which indicates that the company is capable to safely ride out any crisis without the risk of bankruptcy. We classify BUILDERS FIRSTSOURCE as a ‘rhino’, a type of company with moderate revenue or earnings growth. Investors who are looking for a steady, but moderate growth potential may be interested in this type of company. They will need to consider the profitability, assets, and cash flows in order to make an informed decision. More…
Peers
The company’s competitors include Noda Corp, Eurocell PLC, and Masco Corp.
– Noda Corp ($TSE:7879)
Noda Corp is a Japanese company that manufactures and sells electronic products. The company has a market cap of 19.66B as of 2022 and a ROE of 17.42%. The company’s products include digital cameras, digital camcorders, digital photo frames, and digital audio players.
– Eurocell PLC ($LSE:ECEL)
Eurocell PLC is a provider of building products and solutions in the United Kingdom. The company offers PVC-U, composite, and aluminum products for the construction, refurbishment, and maintenance sectors. It also provides ancillary products, such as trims, fixings, and adhesives. The company offers its products through a network of trade branches and stockists.
– Masco Corp ($NYSE:MAS)
Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. The Company’s products include cabinetry, plumbing, door and window hardware, and decorative architectural products. The Company operates through four segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products and International. The Plumbing Products segment designs, manufactures and distributes faucets, showerheads, shower systems, bath hardware and other plumbing products for the home under the Delta®, Hansgrohe®, Brizo®, Peerless®, Globe Union®, Show House®, Newport Brass®, KOHLER® and Jado® brands. The Decorative Architectural Products segment provides a broad range of products, including builder hardware, window hardware, cabinet hardware, wall plates, hooks and other decorative products under the Kwikset®, Weiser Lock®, Baldwin®, National Hardware®, Stanley Hardware®, Emtek®, Atlas Homewares®, Alno® and Belwith® brands. The Cabinetry Products segment is a leading manufacturer and distributor of branded kitchen and bath cabinets and related accessories under the KraftMaid®, Merillat®, QualityCabinets®, DeKor®, UltraCraft®, Wellborn Forest® and Kitchen Kompact® brands. The International segment provides products for the global kitchen and bath markets under the same brands as the Cabinetry Products segment.
Summary
Investing analysis of Builders FirstSource, Inc. for Q3 2023 suggests an optimistic outlook. This demonstrates the company’s strong financial performance and its commitment to continuing success. Investors should take this opportunity to increase their holdings in Builders FirstSource, Inc. or even consider a new position in the company.
The company has solid fundamentals and is well positioned to benefit from increased demand for its products and services due to the current economic climate. With the current estimates, now is an opportune time to act on this investment opportunity.
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