TopBuild Q2 Adj $5.42 Misses $5.68 Estimate, Sales $1.37B Miss $1.40B Estimate
Portfolio Pulse from Benzinga Newsdesk
TopBuild (NYSE:BLD) reported Q2 earnings of $5.42 per share, missing the analyst estimate of $5.68. Sales were $1.37 billion, also below the $1.40 billion estimate. Despite the misses, earnings and sales increased year-over-year.
August 06, 2024 | 10:47 am
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NEGATIVE IMPACT
TopBuild's Q2 earnings and sales missed analyst estimates, which may negatively impact the stock in the short term. However, both metrics showed year-over-year growth.
The earnings and sales misses are likely to weigh on investor sentiment, leading to a short-term negative impact on the stock. However, the year-over-year growth may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100