GMS Inc. GMS is scheduled to report first-quarter fiscal 2022 (ended Jul 31, 2021) results on Sep 2, before the opening bell.In the last reported quarter, the company’s earnings and revenues beat the Zacks Consensus Estimate by 25.9% and 6.2%, respectively. On a year-over-year basis, earnings and revenues of this North American specialty distributor of interior building products grew 91.1% and 20.9%, respectively.GMS’ earnings topped the consensus mark in all the last four quarters, with the average being 15.7%.Trend in Estimate RevisionFor the quarter to be reported, the Zacks Consensus Estimate for earnings per share has increased to $1.30 from $1.25 over the past 60 days. The estimated figure indicates 38.3% growth from the year-ago level. The consensus mark for revenues is pegged at $961.8 million, suggesting a 19.8% increase from the year-ago reported figure of $802.6 million.GMS Inc. Price and EPS Surprise GMS Inc. price-eps-surprise | GMS Inc. QuoteKey Factors to NoteAlthough the global impact of the coronavirus pandemic, stiff competition and rising raw material and labor costs are expected to have been pressing concerns, a strong housing backdrop is anticipated to have benefited GMS’ fiscal first-quarter performance. A resilient housing market scenario, and solid repair & remodeling activities are expected to have benefited the company’s performance in the quarter.Overall, strong residential end markets, favorable pricing across product categories and the acquisition of D.L. Building Materials are expected to have contributed to its top line in the quarter.Yet, price-cost dynamics for certain product categories (particularly in wallboard) are likely to have been under pressure. This, in addition to an unfavorable mix may have weighed on its margins to some extent.The company expects to generate year-over-year sales growth of 20% for the quarter. GMS anticipates gross margin of 31.5% for the fiscal first quarter, and coupled with SG&A leverage and incremental adjusted EBITDA margin in the range of 10-15%.The Zacks Consensus Estimate for sales of Ceiling products is pegged at $127 million. The metric came in at $114 million a year ago.The Zacks Consensus Estimate for sales of Steel products is pegged at $142 million. The metric came in at $110 million a year ago.The Zacks Consensus Estimate for sales of Wallboard products is pegged at $394 million. The metric came in at $328 million a year ago.The Zacks Consensus Estimate for sales of Other Products is pegged at $296 million. The metric came in at $250 million a year ago.What the Zacks Model UnveilsOur proven model does not conclusively predict an earnings beat for GMS this time around. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. Unfortunately, that is not the case here, as you will see below.Earnings ESP: The company has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Zacks Rank: GMS — which shares space with RH RH, Williams-Sonoma WSM and Ethan Allen Interiors Inc. ETD in the Zacks Retail - Home Furnishings industry — currently carries a Zacks Rank #3.You can see the complete list of today’s Zacks #1 Rank stocks here. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report WilliamsSonoma, Inc. (WSM): Free Stock Analysis Report RH (RH): Free Stock Analysis Report GMS Inc. (GMS): Free Stock Analysis Report Ethan Allen Interiors Inc. (ETD): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research