Wall Street analysts expect UFP Industries (UFPI) to post quarterly earnings of $1.03 per share in its upcoming report, which indicates a year-over-year decline of 14.2%. Revenues are expected to be $1.4 billion, down 4% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific UFP Industries metrics that are commonly monitored and projected by Wall Street analysts.
Analysts predict that the 'Net Sales- Retail' will reach $509.03 million. The estimate suggests a change of -3% year over year.
The collective assessment of analysts points to an estimated 'Net Sales- Construction' of $457.57 million. The estimate suggests a change of -6% year over year.
It is projected by analysts that the 'Net Sales- Packaging' will reach $362.03 million. The estimate points to a change of -3.5% from the year-ago quarter.
View all Key Company Metrics for UFP Industries here>>>
Shares of UFP Industries have demonstrated returns of +5.9% over the past month compared to the Zacks S&P 500 composite's -1.3% change. With a Zacks Rank #2 (Buy), UFPI is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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UFP Industries, Inc. (UFPI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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