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

Cavco Industries

24/05/2024 11:54

* Cavco Industries Inc  CVCO.OQ  reported quarterly adjusted
earnings of $4.03​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of $5.39.  The mean expectation of three analysts for the
quarter was for earnings of $4.51 per share. Wall Street
expected results to range from $4.01  to $5.13 per share.
    * Revenue fell 11.8% to $420.12 million from a year ago;
analysts
expected $430.41 million. 
    * Cavco Industries Inc's reported EPS for the quarter was
$4.03​.
    * The company reported quarterly net income of $33.93
million.
    * Cavco Industries Inc shares had fallen by 11.2% this
quarter and
gained 2.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 $415.00 
This summary was machine generated from LSEG data May 24 at
10:54 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
 Mar. 31 2024      4.51           4.03           Missed
 Dec. 31 2023      4.27           4.27           Met
 Sep. 30 2023      5.27           4.76           Missed
 Jun. 30 2023      5.82           5.29           Missed