TopBuild Corp. (NYSE:BLD) is expected to report third quarter earnings results, before market open, on Tuesday 3rd November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.78 per share.
Looking ahead, the full year income are expected at $ 6.57 per share on the revenues of $ 2700.03 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 2,765.00 million ~ $ 2,835.00 million
Click Here For More Historical Outlooks Of TopBuild Corp.
Previous Quarter Performance
TopBuild Corp. unveiled income for the second quarter of $ 1.68 per share, from the revenue of $ 646.10 million. The quarterly earnings grew 17.48 percent while revenues fell 4.20 percent compared with the same quarter last year.
Street analysts expected TopBuild Corp. to report income of $ 1.09 per share on revenue of $ 603.11 million for the second quarter. The bottom line results beat street analysts by $ 0.59 or 54.13 percent, at the same time, top line results outshined analysts by $ 42.99 million or 7.13 percent.
Stock Performance
Shares of TopBuild Corp. traded up $ 6.93 or 4.52 percent on Monday, reaching $ 160.14 with volume of 336.80 thousand shares. TopBuild Corp. has traded high as $ 161.69 and has cracked $ 156.40 on the downward trend
The closing price of $ 160.14, representing a 179.43 % increase from the 52 week low of $ 54.83 and a 20.12 % decrease over the 52 week high of $ 191.79.
The company has a market capital of $ 5.30 billion and is part of the Basic Materials sector and Building Materials industry.
Recent Analyst recommendations
- On 6th October 2020, maintained by KeyBanc at Overweight rating, with $ 210.00 target price.
- On 5th October 2020, downgraded by Benchmark to Hold from Buy rating.
Conference Call
TopBuild Corp. will be hosting a conference call at 9:00 AM eastern time on 3rd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.topbuild.com
TopBuild Corp. engages in the installation and distribution of insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution.
