Legacy Housing Corp reports results for the quarter ended in June - Earnings Summary
09/08/2024 02:34
* Legacy Housing Corp LEGH.OQ reported quarterly adjusted
earnings of 65 cents per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 60 cents. The mean expectation of four analysts
for the quarter was for earnings of 58 cents per share. Wall
Street expected results to range from 57 cents to 60 cents per
share.
* Revenue fell 19.3% to $42.50 million from a year ago;
analysts
expected $46.35 million.
* Legacy Housing Corp's reported EPS for the quarter was 65
cents.
* The company reported quarterly net income of $16.19
million.
* Legacy Housing Corp shares had risen by 15.0% this
quarter and
gained 4.6% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by
about 8.5%
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," 1
"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 Legacy Housing
Corp is $28.00
This summary was machine generated from LSEG data August 9 at
01:34 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
Jan. 1 0001 0.58 0.65 Beat
Mar. 31 2024 0.38 0.60 Beat
Dec. 31 2023 0.71 0.28 Missed
Sep. 30 2023 0.58 0.64 Beat