Cavco Industries Inc reports results for the quarter ended in June - Earnings Summary

Cavco Industries

02/08/2024 02:00

* Cavco Industries Inc  CVCO.OQ  reported quarterly adjusted
earnings of $4.11​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of $5.29.  The mean expectation of three analysts for the
quarter was for earnings of $4.70 per share. Wall Street
expected results to range from $4.40  to $4.97 per share.
    * Revenue rose 0.4% to $477.60 million from a year ago;
analysts
expected $462.32 million. 
    * Cavco Industries Inc's reported EPS for the quarter was
$4.11​.
    * The company reported quarterly net income of $34.43
million.
    * Cavco Industries Inc shares had risen by 19.8% this
quarter and
gained 19.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 16.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"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 Cavco Industries
Inc is $425.00 
This summary was machine generated from LSEG data August 2 at
01:00 a.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
 Jun. 30 2024      4.70           4.11           Missed
 Mar. 31 2024      4.51           4.03           Missed
 Dec. 31 2023      4.27           4.27           Met
 Jan. 1 0001       5.27           4.76           Missed