Builders FirstSource, Inc. Third Quarter Earnings Sneak Peek

Builders FirstSource, Inc. (NASDAQ:BLDR) will unveil its latest earnings on Thursday, October 20, 2011. Builders FirstSource is a supplier and manufacturer of structural and related building products for residential new construction.

Builders FirstSource, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net loss of 7 cents per share, a narrower loss from the year earlier quarter net loss of 13 cents. During the past three months, the average estimate has moved up from a loss of 8 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at a loss of 7 cents during the last month.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 3 cents, reporting a loss of 8 cents per share against a mean estimate of net loss of 11 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $209.2 million in revenue this quarter, a rise of 16% from the year ago quarter. Analysts are forecasting total revenue of $754.6 million for the year, a rise of 7.8% from last year’s revenue of $700.3 million.

Analyst Ratings: The limited number of analysts covering the stock seem relatively indifferent about Builders FirstSource with three of three analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, the company’s loss narrowed to a loss of $15.5 million (16 cents a share) from a loss of $19 million (20 cents) a year earlier, beating analyst expectations. Revenue fell 2.4% to $206.4 million from $211.5 million.

Key Stats:

Revenue fell in the second quarter after seeing a rise the quarter before. In the first quarter, revenue rose 0.9%.

Competitors to Watch: The Home Depot, Inc. (NYSE:HD), Lowe’s Companies, Inc. (NYSE:LOW), Lumber Liquidators Hldgs., Inc. (NYSE:LL), BlueLinx Holdings Inc. (NYSE:BXC), Tractor Supply Company (NASDAQ:TSCO).

Stock Price Performance: During July 21, 2011 to October 14, 2011, the stock price had fallen 87 cents (-37.2%) from $2.34 to $1.47. The stock price saw one of its best stretches over the last year between March 24, 2011 and April 5, 2011 when shares rose for nine-straight days, rising 28.1% (+72 cents) over that span. It saw one of its worst periods between November 15, 2010 and November 29, 2010 when shares fell for 10-straight days, falling 26.1% (-55 cents) over that span. Shares are down 50 cents (-25.4%) year to date.

(Source: Xignite Financials)

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