Investors Are Abuzz About the Latest Results Out of Monster Beverage (MNST), Lions Gate (LGF), FireEye (FEYE) and More

Builders FirstSource Crumbles on Missed Estimates

Builders FirstSource Inc. (NASDAQ:BLDR) is 8% in the red this morning after its second quarter results narrowly missed estimates. Revenue of $1.68 billion missed the consensus estimate of $1.71 billion despite being up by 263% year-over-year, though primarily thanks to the company’s acquisition of ProBuild, which was completed last July 31. Adjusted earnings per share of $0.31 also came a smidgen short of the estimates of $0.32. Adjusted EBITDA checked in at $116.7 million, up from $100.2 million a year earlier. The company believes the integration of ProBuild is progressing smoothly, projecting incremental savings of approximately $70 million in 2016 above what was achieved in 2015.

We ranked Builders FirstSource Inc. (NASDAQ:BLDR) as one of the top home improvement retailers to buy earlier this year. Its shares were owned by 35 hedge funds in our system on March 31, up by five quarter-over-quarter.

Paramount Group Tops Core FFO Estimates

Shares of Paramount Group Inc. (NYSE:PGRE) are flat as investors continue to digest the REIT’s latest earnings report. The company’s Core FFO, a key measure of profitability in the REIT sector, came in at $0.23 per diluted share for the quarter, besting estimates of $0.20. It also raised its Core FFO guidance for the full-year to between $0.81 and $0.85 per share, up by $0.01 on both ends of the range from previous guidance. Paramount Group leased 148,896 square feet during the quarter at a weighted average initial rent of $74.15 per square foot.

We reported insider buying at Paramount Group Inc. (NYSE:PGRE) on March 15 and the stock has gained 11% since that date. 15 funds in our database owned 8.80% of Paramount Group’s common stock on March 31.

Lions Gate Jumps on Revenue Surge

Lastly, Lions Gate Entertainment Corp. (USA) (NYSE:LGF) is enjoying 6% gains this morning after its first quarter of fiscal year 2017 revenue surged by 35% year-over-year to $553.6 million. And while earnings of $0.01 per share were down from $0.26 a year earlier, they nonetheless easily topped estimates of a loss of $0.17. The TV and movie production company’s results were buoyed by the success of the crime caper Now You See Me 2 during the quarter, which has pulled in over $300 million worldwide. Instead of the fourth part of the Divergent series getting a theatrical release, the company now plans to release a TV movie followed by a 10-to-13-episode TV season that it hopes can be expanded from there into multiple seasons. The move comes after the third movie, Allegiant, disappointed, grossing less than $200 million worldwide. 32 funds in our database were long Lions Gate Entertainment Corp. (USA) (NYSE:LGF) at the end of March.

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