TopBuild Corp. (NYSE:BLD) is expected to post Q1 2024 earnings of $4.68 per share, according to a forecast by Seaport Res Ptn. The research analysts at Seaport Res Ptn raised their Q1 2024 EPS estimates for TopBuild, indicating a positive outlook for the construction company.

The forecast, issued on Wednesday, February 28th, reflects an increase from their prior estimate of $4.60 per share. The consensus estimate for TopBuild’s current full-year earnings stands at $20.77 per share. Additionally, Seaport Res Ptn provided estimates for TopBuild’s Q2-Q4 2024 earnings, as well as for the fiscal years 2024 and 2025.

TopBuild recently reported its earnings for the quarter ended on Wednesday, February 28th, surpassing the consensus estimate. The company posted $4.69 EPS for the quarter, exceeding the anticipated $4.60 by $0.09. With a net margin of 11.82% and a return on equity of 27.03%, TopBuild demonstrated a 1.7% increase in revenue year-over-year.

Several other research analysts have also released reports on TopBuild’s stock. Benchmark, Evercore ISI, The Goldman Sachs Group, and Truist Financial have all upped their price targets and ratings for the company, reflecting a positive sentiment. Loop Capital raised TopBuild from a ‘hold’ to a ‘buy’ rating in their report.

Market data from MarketBeat.com indicates that the consensus rating for TopBuild is ‘Moderate Buy,’ with an average price target of $365.33.

Following this positive outlook, shares of BLD stock opened at $410.14 on Friday, trading up 1.9%. With a 50-day moving average price of $377.87 and a 200-day moving average price of $312.28, TopBuild’s stock performance reflects the favorable forecasts and analyst ratings.