Cavco Industries Inc reports results for the quarter ended in September 30 - Earnings Summary
01/11/2024 03:32
* Cavco Industries Inc CVCO.OQ reported quarterly adjusted
earnings of $5.28 per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of $4.76. The mean expectation of three analysts
for the quarter was for earnings of $4.76 per share. Wall Street
expected results to range from $4.59 to $5.00 per share.
* Revenue rose 12.3% to $507.46 million from a year ago;
analysts
expected $479.79 million.
* Cavco Industries Inc's reported EPS for the quarter was
$5.28.
* The company reported quarterly net income of $43.82
million.
* Cavco Industries Inc shares had fallen by 3.3% this
quarter and
gained 19.4% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 4.4%
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 450.00
This summary was machine generated from LSEG data November 1 at
03:31 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
Sep. 30 2024 4.76 5.28 Beat
Jun. 30 2024 4.70 4.11 Missed
Mar. 31 2024 4.51 4.03 Missed
Dec. 31 2023 4.27 4.27 Met