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 (NYSE: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. (NASDAQ: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%.

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 Company (NYSE:BCC)

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%.

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. (NYSE: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%.

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. (NYSE: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%.

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.