Building services and installation company TopBuild (NYSE: BLD) will be announcing earnings results tomorrow morning. Here’s what investors should know.
TopBuild met analysts’ revenue expectations last quarter, reporting revenues of $1.31 billion, up 2% year on year. It was a slower quarter for the company, with full-year revenue guidance missing analysts’ expectations.
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 decline 3.9% year on year to $1.23 billion, a reversal from the 1.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $4.40 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 five 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 delivered year-on-year revenue growth of 11.5%, beating analysts’ expectations by 5.7%, and Tri Pointe Homes reported a revenue decline of 21.1%, topping estimates by 4%. Taylor Morrison Home traded down 1.1% following the results while Tri Pointe Homes was also down 1.6%.
Read our full analysis of Taylor Morrison Home’s results here and Tri Pointe Homes’s results here.
There has been positive sentiment among investors in the home builders segment, with share prices up 13% on average over the last month. TopBuild is up 4.9% during the same time and is heading into earnings with an average analyst price target of $365.18 (compared to the current share price of $301.21).
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