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

Cavco Industries

02/11/2023 21:47

* Cavco Industries Inc  CVCO.OQ  reported quarterly adjusted
earnings of $4.76​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of $8.25.  The mean expectation of
three analysts for the quarter was for earnings of $5.27 per
share. Wall Street expected results to range from $5.20 
to $5.31 per share.
    * Revenue fell 21.7% to $452.03 million from a year ago;
analysts
expected $477.59 million. 
    * Cavco Industries Inc's reported EPS for the quarter was
$4.76​.
    * The company reported quarterly net income of $41.54
million.
    * Cavco Industries Inc shares had fallen by 6.6% this
quarter and
gained 9.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 15.9%
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 $390.00 
This summary was machine generated from LSEG data November 2 at
09:47 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      5.27           4.76           Missed
 Jun. 30 2023      5.82           5.29           Missed
 Mar. 31 2023      5.10           5.39           Beat
 Dec. 31 2022      5.79           6.66           Beat