Building products company Boise Cascade Company (NYSE: BCC) will be reporting results this Monday after market close. Here’s what investors should know.
Boise Cascade beat analysts’ revenue expectations by 1.6% last quarter, reporting revenues of $1.54 billion, down 6.6% year on year. It was a softer quarter for the company, with a significant miss of analysts’ adjusted operating income estimates and a significant miss of analysts’ EBITDA estimates.
Is Boise Cascade a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Boise Cascade’s revenue to decline 2.5% year on year to $1.75 billion, a deceleration from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $1.74 per share.
Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 3 downward revisions over the last 30 days (we track 7 analysts). Boise Cascade has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Boise Cascade’s peers in the industrial distributors segment, some have already reported their Q2 results, giving us a hint as to what we can expect. FTAI Aviation delivered year-on-year revenue growth of 52.4%, beating analysts’ expectations by 5.8%, and Global Industrial reported revenues up 3.2%, topping estimates by 2%. FTAI Aviation traded up 26.5% following the results while Global Industrial was also up 27%.
Read our full analysis of FTAI Aviation’s results here and Global Industrial’s results here.
Investors in the industrial distributors segment have had steady hands going into earnings, with share prices flat over the last month. Boise Cascade is down 7.3% during the same time and is heading into earnings with an average analyst price target of $107.50 (compared to the current share price of $83.35).
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