Green Brick Partners Inc reports results for the quarter ended in September - Earnings Summary

Green Brick Partners

31/10/2023 21:02

* Green Brick Partners Inc  GRBK.N  reported quarterly
adjusted
earnings of $1.56​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of $1.57.The mean expectation of
four analysts for the quarter was for earnings of $1.45 per
share. Wall Street expected results to range from $1.28 
to $1.56 per share.
    * Revenue rose 6.1% to $418.98 million from a year ago;
analysts
expected $410.91 million. 
    * Green Brick Partners Inc's reported EPS for the quarter
was
$1.56​.
    * The company reported quarterly net income of $72.16
million.
    * Green Brick Partners Inc shares had fallen by 7.8% this
quarter and gained 57.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 12.6%
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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Green Brick
Partners Inc is $52.50 

This summary was machine generated from LSEG data October 31 at
09:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      1.45           1.56           Beat
 Jun. 30 2023      1.15           1.63           Beat
 Mar. 31 2023      0.66           1.37           Beat
 Dec. 31 2022      1.14           1.18           Beat