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Building products company Boise Cascade Company (NYSE:BCC) will be announcing earnings results tomorrow after market close. Here’s what to expect.
Boise Cascade met analysts’ revenue expectations last quarter, reporting revenues of $1.71 billion, down 6.6% year on year. It was a mixed quarter for the company, with a narrow beat of analysts’ EBITDA estimates but a miss of analysts’ Building Material Distribution revenue estimates.
Is Boise Cascade a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Boise Cascade’s revenue to decline 4% year on year to $1.58 billion, a deceleration from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $1.78 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. Boise Cascade has missed Wall Street’s revenue estimates five times over the last two years.
Looking at Boise Cascade’s peers in the industrial distributors segment, some have already reported their Q4 results, giving us a hint as to what we can expect. DistributionNOW delivered year-on-year revenue growth of 2.9%, beating analysts’ expectations by 3.4%, and MSC Industrial reported a revenue decline of 2.7%, topping estimates by 2.7%. DistributionNOW traded up 21.5% following the results while MSC Industrial’s stock price was unchanged.
Read our full analysis of DistributionNOW’s results here and MSC Industrial’s results here.
Stocks generally had a good 2024. The Fed fought high inflation and won without sending the economy into a recession, otherwise lovingly known as a soft landing. The US Central Bank is now cutting rates. That, plus the election of Donald Trump in November 2024, sent markets even higher, and while some of the industrial distributors stocks have shown solid performance, the group has generally underperformed, with share prices down 4.2% on average over the last month. Boise Cascade is down 5.6% during the same time and is heading into earnings with an average analyst price target of $141.67 (compared to the current share price of $121.90).
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