Skyline Champion Corp reports results for the quarter ended in September - Earnings Summary

Champion Homes

31/10/2023 21:51

* Skyline Champion Corp  SKY.N  reported quarterly adjusted
earnings of 82 cents​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of $2.51.  The mean expectation of
six analysts for the quarter was for earnings of 80 cents per
share. Wall Street expected results to range from 76 cents to 87
cents per share.
    * Revenue fell 42.5% to $464.24 million from a year ago;
analysts
expected $459.48 million. 
    * Skyline Champion Corp's reported EPS for the quarter was
79
cents​.
    * The company reported quarterly net income of $45.67
million.
    * Skyline Champion Corp shares had fallen by 7.3% this
quarter and
gained 14.7% 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," 3
"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 Skyline Champion
Corp is $73.00 
This summary was machine generated from LSEG data October 31 at
09:51 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.80           0.82           Beat
 Jun. 30 2023      0.84           0.89           Beat
 Mar. 31 2023      0.93           1.00           Beat
 Dec. 31 2022      0.92           1.44           Beat