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Building Product Earnings to Watch on Jul 28: BCC, FIX & More

Despite a weak start this year amid equity market volatility and global concerns, the construction sector seems to have recovered on the back of strong housing fundamentals. Positives like a healthier economy, improving employment levels, low interest rates, positive consumer confidence and a tight supply situation raise optimism about the sector's performance in the second half.

In addition to home construction, the home remodeling market has also picked up pace. Improved construction and remodeling activity have increased demand for building products.

Yesterday, one of the leading building product companies, Masco Corporation MAS reported second-quarter 2016 results. While its earnings beat estimates, revenues came in line with the same. Second quarter performance was backed by significant year-over-year growth in earnings, revenues and margin, as the company capitalized on improving momentum in the repair and remodeling and new home construction industry.

On Jul 28, four other building products companies are scheduled to report their quarterly results. Let us look at how these companies are placed ahead of their releases.

Gibraltar Industries Inc.ROCK

Gibraltar Industries is set to report second-quarter 2016 results before market opens.

Last quarter, Gibraltar Industries posted a positive surprise of 118.18%. Gibraltar Industries has surpassed estimates in each of the past four quarters, resulting in an average positive surprise of 73.45%.

GIBRALTAR INDUS Price and EPS Surprise

GIBRALTAR INDUS Price and EPS Surprise | GIBRALTAR INDUS Quote

It has an Earnings ESP of -2.56% and a Zacks Rank #1 (Strong Buy). The Zacks Consensus Estimate for the quarter is pegged at 39 cents.

Boise Cascade CompanyBCC

Boise Cascade is set to report second-quarter 2016 results before market opens tomorrow.

Last quarter, Boise Cascade posted a positive surprise of 1800.00%. Boise Cascade has surpassed estimates twice in the past four quarters, resulting in an average positive surprise of 432.03%.

BOISE CASCADE Price and EPS Surprise

BOISE CASCADE Price and EPS Surprise | BOISE CASCADE Quote

However, Boise Cascade has an Earnings ESP of -2.94% and a Zacks Rank #5 (Strong Sell). The Zacks Consensus Estimate for the quarter is pegged at 34 cents.

Comfort Systems USA, Inc.FIX

Comfort Systems is set to report second-quarter 2016 results after market close.

Last quarter, Comfort Systems posted a positive earnings surprise of 52.94%. This heating, ventilation and air conditioning (HVAC) services provider has an impressive track record of beating estimates. Comfort Systems surpassed estimates thrice in the past four quarters, resulting in an average positive surprise of 37.33%.

COMFORT SYSTEMS Price and EPS Surprise

COMFORT SYSTEMS Price and EPS Surprise | COMFORT SYSTEMS Quote

It has an Earnings ESP of 0.00% and a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for the quarter is pegged at 43 cents.

RPM International Inc.RPM

RPM International is set to report fourth-quarter and fiscal 2016 results before market opens.

Last quarter, RPM International posted in-line results. This specialty coating, sealants, building materials company has an impressive earnings surprise history. It has surpassed estimates in three out of the past four quarters, resulting in an average positive surprise of 6.80%.

RPM INTL INC Price and EPS Surprise

RPM INTL INC Price and EPS Surprise | RPM INTL INC Quote

It has an Earnings ESP of 0.00% and a Zacks Rank #3. The Zacks Consensus Estimate for the quarter is pegged at $1.01.

Conclusion

With the rise in demand for homes, remodeling activities and an improving job market in 2016, building products companies such as the ones discussed above are expected to witness strong demand for their products.

Stay Tuned! Check later on our full write-up on earnings releases of these stocks.

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MASCO (MAS): Free Stock Analysis Report

COMFORT SYSTEMS (FIX): Free Stock Analysis Report

RPM INTL INC (RPM): Free Stock Analysis Report

GIBRALTAR INDUS (ROCK): Free Stock Analysis Report

BOISE CASCADE (BCC): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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MAS RPM FIX ROCK BCC

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