BofA analyst Rafe Jadrosich lowered the firm’s price target on Builders FirstSource (BLDR) to $192 from $206 and keeps a Neutral rating on the shares after Q3 was in-line and the company lowered revenue guidance while keeping its EBITDA view unchanged. Margins are stabilizing, but the firm sees low-end of FY25 scenarios and lowered its 2024 and 2025 EPS estimates by (1%) and (3%), respectively, to reflect updated guidance and a lower 2025 revenue outlook.
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- Builders FirstSource sees FY24 revenue $16.25B -$16.55B, consensus $16.85B
- Builders FirstSource reports Q3 EPS $3.07, consensus $2.98