UFP Industries ( (UFPI) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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UFP Industries’ stock has been experiencing downward pressure, largely due to missing earnings estimates in the previous quarter. As the company prepares to announce its third-quarter earnings, analysts are predicting earnings of $1.41 per share and revenue of $1.61 billion. Despite recent price declines, analysts are maintaining a Hold rating, citing potential upside influenced by market conditions and company performance.
More about UFP Industries
YTD Price Performance: -19.01%
Average Trading Volume: 354,395
Technical Sentiment Signal: Sell
Current Market Cap: $5.4B
For further insights into UFPI stock on TipRanks’ Stock Analysis page.
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