Beazer Homes USA Inc reports results for the quarter ended in December - Earnings Summary

Beazer Homes USA

01/02/2024 22:38

* Beazer Homes USA Inc  BZH.N  reported quarterly adjusted
earnings of 70 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 83 cents.  The mean expectation of
three analysts for the quarter was for earnings of 71 cents per
share. Wall Street expected results to range from 70 cents to 72
cents per share.
    * Revenue fell 13.1% to $386.82 million from a year ago;
analysts
expected $424.25 million. 
    * Beazer Homes USA Inc's reported EPS for the quarter was 70
cents​.
    * The company reported quarterly net income of $21.73
million.
    * Beazer Homes USA Inc shares had fallen by 6.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 16.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the homebuilding
peer
group is also "buy"

Wall Street's median 12-month price target for Beazer Homes USA
Inc is $36.00 
This summary was machine generated from LSEG data February 1 at
10:38 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.71           0.70           Missed
 Sep. 30 2023      1.39           1.80           Beat
 Jun. 30 2023      0.88           1.42           Beat
 Mar. 31 2023      0.82           1.13           Beat