This wood products company beat analysts’ estimates by $0.12 last quarter, and four analysts have increased their EPS forecasts for the company in the past 30 days.
Boise Cascade Company (BCC)
From AlphaProfit Sector Investors’ Newsletter
Boise Cascade Company (BCC) had a banner third quarter. The wood products manufacturer and building materials distributor earned $0.81 a share in the third quarter, beating analysts’ forecast by 17%.
Sales in wood products & building materials segments rose 8% and 18%, respectively. Looking past a seasonally slow fourth quarter, Boise stands to benefit from growth in housing starts. Its shares appeal to growth investors with a tolerance for low earnings predictability.
They trade at 15.3X-forward EPS versus prospects for 39% EPS growth in the next 12 months. (Next earnings: Mid-Feb. 2018)
Sam Subramanian, PhD, AlphaProfit Sector Investors’ Newsletter, www.alphaprofit.com, 281-565-6963, November 2017