Financial News
TopBuild (BLD) Reports Q3: Everything You Need To Know Ahead Of Earnings
Building services and installation company TopBuild (NYSE:BLD) will be reporting results tomorrow before market hours. Here’s what to expect.
TopBuild missed analysts’ revenue expectations by 2.3% last quarter, reporting revenues of $1.37 billion, up 3.7% year on year. It was a disappointing quarter for the company, with a miss of analysts’ operating margin estimates.
Is TopBuild a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting TopBuild’s revenue to grow 5.1% year on year to $1.39 billion, improving from the 1.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $5.58 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. TopBuild has missed Wall Street’s revenue estimates three times over the last two years.
Looking at TopBuild’s peers in the home builders segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Skyline Champion delivered year-on-year revenue growth of 32.9%, meeting analysts’ expectations, and Taylor Morrison Home reported revenues up 26.6%, topping estimates by 7.8%. Skyline Champion traded down 1.7% following the results while Taylor Morrison Home was up 5.4%.
Read our full analysis of Skyline Champion’s results here and Taylor Morrison Home’s results here.
Investors in the home builders segment have had steady hands going into earnings, with share prices flat over the last month. TopBuild is down 7.9% during the same time and is heading into earnings with an average analyst price target of $452.10 (compared to the current share price of $353.73).
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