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TopBuild (BLD) Reports Q3: Everything You Need To Know Ahead Of Earnings

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Building services and installation company TopBuild (NYSE: BLD) will be reporting results this Tuesday before market open. Here’s what you need to know.

TopBuild met analysts’ revenue expectations last quarter, reporting revenues of $1.30 billion, down 5% year on year. It was a strong quarter for the company, with full-year EBITDA guidance beating analysts’ expectations and a solid beat of analysts’ EBITDA estimates.

Is TopBuild a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting TopBuild’s revenue to be flat year on year at $1.38 billion, slowing from the 3.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $5.29 per share.

TopBuild Total Revenue

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 six times over the last two years.

Looking at TopBuild’s peers in the home builders segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Taylor Morrison Home’s revenues decreased 1.2% year on year, beating analysts’ expectations by 3.4%, and Tri Pointe Homes reported a revenue decline of 25.3%, topping estimates by 15%. Taylor Morrison Home traded down 2.4% following the results while Tri Pointe Homes’s stock price was unchanged.

Read our full analysis of Taylor Morrison Home’s results here and Tri Pointe Homes’s results here.

Investors in the home builders segment have had steady hands going into earnings, with share prices flat over the last month. TopBuild is up 6.3% during the same time and is heading into earnings with an average analyst price target of $475.41 (compared to the current share price of $422.48).

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