Beazer Homes Q2 homebuilding revenue slumps

Beazer Homes USA

30/04/2026 21:26

Overview

U.S. homebuilder's fiscal Q2 homebuilding revenue fell 28.5% yr/yr

Adjusted EBITDA for fiscal Q2 missed analyst expectations

Company repurchased $30 mln of its common stock during the quarter

Outlook

Company is more cautious about near-term demand due to higher mortgage rates and gas prices

Beazer expects margin improvement in the second half from cost reductions and mix shifts

Company says macroeconomic headwinds and affordability challenges persist

Result Drivers

LOWER HOME CLOSINGS - Co said homebuilding revenue decline was mainly due to a 29.8% drop in home closings, attributed to lower beginning backlog, partially offset by improved construction cycle times

MARGIN PRESSURE - Homebuilding gross margin fell due to increased price concessions, closing cost incentives, and changes in product and community mix

WEAKER DEMAND - Co said higher mortgage rates and gas prices in March hurt consumer sentiment and led to more cautious near-term demand

Company press release: ID:nBw4qGsnsa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Homebuilding Revenue
$397.70 mln
Q2 Adjusted EBITDA
Miss
$2.6 mln
$4.19 mln (3 Analysts)
Q2 Homebuilding Gross Margin
12%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the homebuilding peer group is "hold."

Wall Street's median 12-month price target for Beazer Homes USA Inc is $25.00, about 18.1% above its April 29 closing price of $21.17

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)