Legacy Housing Corp reports results for the quarter ended in March - Earnings Summary
10/05/2024 24:15
* Legacy Housing Corp LEGH.OQ reported quarterly adjusted
earnings of 60 cents per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 65 cents. The mean expectation of three analysts for the
quarter was for earnings of 38 cents per share. Wall Street
expected results to range from 34 cents to 42 cents per share.
* Revenue fell 18.2% to $43.24 million from a year ago;
analysts
expected $38.17 million.
* Legacy Housing Corp's reported EPS for the quarter was 60
cents.
* The company reported quarterly net income of $15.14
million.
* Legacy Housing Corp shares had fallen by 2.3% this
quarter and
lost 16.7% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 48.3%
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 2 "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 $25.00
This summary was machine generated from LSEG data May 9 at 11:14
p.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
Mar. 31 2024 0.38 0.60 Beat
Dec. 31 2023 0.71 0.28 Missed
Sep. 30 2023 0.58 0.64 Beat
Jun. 30 2023 0.62 0.60 Missed