TopBuild Q1 2024 Adj EPS $4.81 Beats $4.56 Estimate, Sales $1.279B Miss $1.301B Estimate
Portfolio Pulse from Benzinga Newsdesk
TopBuild (NYSE:BLD) reported Q1 2024 adjusted EPS of $4.81, surpassing the $4.56 estimate, marking a 10.32% year-over-year increase. However, its sales of $1.279B fell short of the $1.301B estimate, a slight 1.11% increase from the previous year.
May 07, 2024 | 10:46 am
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TopBuild reported a Q1 2024 adjusted EPS of $4.81, beating estimates, with a 10.32% increase from last year. Sales of $1.279B missed estimates but grew 1.11% year-over-year.
The positive earnings surprise, with a significant beat on the EPS estimate, is likely to be viewed favorably by investors, potentially leading to a short-term uptick in BLD's stock price. However, the slight miss on sales estimates could temper some of the enthusiasm, but the overall growth in sales and earnings compared to the previous year suggests a strong underlying business performance.
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IMPORTANCE 90
RELEVANCE 100