Boise Cascade Forecasts 7.4% Q4 Revenue Decline After Q3 Income Miss
Boise Cascade reported Q3 revenues of $1.67 billion, a 2.7% year-on-year decline, and missed analysts’ adjusted operating income and EPS estimates. For Q4, analysts expect a 7.4% revenue drop year-on-year compared to a 4.7% decrease last year, with estimates largely unchanged over the past month.
1. Q3 Performance
In Q3, Boise Cascade generated $1.67 billion in revenue, down 2.7% year-on-year. The company significantly missed analysts’ adjusted operating income and EPS estimates, signaling pressure on profitability.
2. Q4 Expectations
For the upcoming Q4 report, Wall Street projects a 7.4% revenue decline year-on-year, a sharper slowdown from last year’s 4.7% drop in the same quarter. Analysts’ estimates have remained largely stable over the past 30 days.
3. Peer Comparison
Among industrial distributors, Rush Enterprises reported an 11.8% revenue decrease that beat expectations by 2.6%, while SiteOne saw a 3.2% revenue gain that fell short by 0.9%. These mixed peer results offer context for Boise Cascade’s upcoming report.
4. Market Sentiment and Price Targets
Industrial distributor stocks have risen an average 6.7% over the last month, whereas Boise Cascade shares are down 2.6%. The stock trades around $82.14 with an average analyst price target of $91.33.