Building materials company Builders FirstSource (NYSE: BLDR) will be reporting earnings this Thursday before the bell. Here’s what investors should know.

Builders FirstSource missed analysts’ revenue expectations last quarter, reporting revenues of $3.86 billion, down 8.8% year on year. It was a disappointing quarter for the company, with full-year EBITDA guidance missing analysts’ expectations significantly and a significant miss of analysts’ EPS estimates.

Is Builders FirstSource a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Builders FirstSource’s revenue to decline 4.9% year on year, improving from the 6.9% decrease it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Builders FirstSource has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Builders FirstSource’s peers in the building products segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Simpson delivered year-on-year revenue growth of 2.3%, beating analysts’ expectations by 2.2%, and Apogee reported revenues up 9.2%, topping estimates by 11.3%. Simpson traded up 5.5% following the results while Apogee was also up 15.3%.

Read our full analysis of Simpson’s results here and Apogee’s results here.

Over the past year, investors have repeatedly shifted their focus from one macro narrative to another (AI disruption and AI capex spending to geopolitics, interest rates, and the broader health of the economy). While some of the building products stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.7% on average over the last month. Builders FirstSource is down 2.8% during the same time and is heading into earnings with an average analyst price target of $67.64 (compared to the current share price of $56.40).

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