Has BLDR been a good buy before earnings?

31 October 2024, 12:24 PM

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By Dmitry Pargamanik

BLDR Shares Could Increase Ahead of Earnings

  • 10 out of the last 12 times, BLDR stock had a run up before earnings
  • Pre-Earnings Run Up Averaged 1.5% Gains
BLDR is scheduled to report earnings on 5-Nov-2024. The last time Builders Firstsource reported earnings on Aug 06, 2024, the stock increased by 4.1% to close at $155.73. At its current price of $172.33, BLDR post earnings drift is +10.7%. Typically, traders tended to bid up BLDR shares (heading into earnings) prior to its scheduled release.

BLDR Historical Pre-Earnings Run Up

As you can see from the table below, the data displays the percentage moves BLDR had for the last 12 quarters around earnings. The 1 day run up into earnings is notable as it shows that the stock increased 83% of the time for an average gain of 1.5%.

BLDR historical stock price movement before earnings

Go to BLDR Historical Price Movements Around Earnings page



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