Building services and installation company TopBuild (NYSE: BLD) will be announcing earnings results this Tuesday before the bell. Here’s what to look for.
TopBuild met analysts’ revenue expectations last quarter, reporting revenues of $1.49 billion, up 13.2% year on year. It was a slower quarter for the company, with full-year EBITDA guidance missing analysts’ expectations significantly and full-year revenue guidance slightly missing analysts’ expectations.
Is TopBuild 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 TopBuild’s revenue to grow 14.4% year on year, a reversal from the 3.6% decrease it recorded in the same quarter last year.
The majority of analysts covering the company have 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 multiple times over the last two years.
Looking at TopBuild’s peers in the home builders segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Taylor Morrison Home’s revenues decreased 26.8% year on year, beating analysts’ expectations by 4.1%, and D.R. Horton reported a revenue decline of 2.3%, falling short of estimates by 0.7%. Taylor Morrison Home traded up 3.9% following the results while D.R. Horton was also up 5.1%.
Read our full analysis of Taylor Morrison Home’s results here and D.R. Horton’s results here.
There has been positive sentiment among investors in the home builders segment, with share prices up 9.4% on average over the last month. TopBuild is up 21.6% during the same time and is heading into earnings with an average analyst price target of $478.91 (compared to the current share price of $438.74).
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