Boise Cascade Earnings: What To Look For From BCC

Building products company Boise Cascade Company (NYSE:BCC) will be reporting earnings tomorrow after the bell. Here’s what investors should know.

Boise Cascade beat analysts’ revenue expectations by 5.2% last quarter, reporting revenues of $1.65 billion, up 6.5% year on year. It was a stunning quarter for the company, with an impressive beat of analysts’ Building Material Distribution revenue estimates and a solid beat of analysts’ earnings 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 2.4% year on year to $1.77 billion, improving from the 20.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.69 per share.

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. Boise Cascade has missed Wall Street’s revenue estimates twice 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. Beacon Roofing Supply delivered year-on-year revenue increase of 6.8%, meeting analysts’ expectations, and Rush Enterprises reported revenues up 1.2%, topping estimates by 8.8%. Beacon Roofing Supply traded down 13.4% following the results while Rush Enterprises was up 7.5%.

Read our full analysis of Beacon Roofing Supply’s results here and Rush Enterprises’s results here.

There has been positive sentiment among investors in the industrial distributors segment, with share prices up 2.4% on average over the last month. Boise Cascade is up 10.2% during the same time and is heading into earnings with an average price analyst target of $138.8 (compared to the current share price of $128.89).

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