Legacy Housing Corp reports results for the quarter ended September 30 - Earnings Summary

Legacy Housing (Texas)

13/11/2024 14:21

* Legacy Housing Corp  LEGH.OQ  reported quarterly adjusted
earnings of 64 cents​​ per share for the quarter ended September
30, identical to the same quarter last year.  The mean
expectation of four analysts for the quarter was for earnings of
60 cents per share. Wall Street expected results to range from
55 cents to 72 cents per share.
    * Revenue fell 11.4% to $44.27 million from a year ago;
analysts
expected $48.02 million. 
    * Legacy Housing Corp's reported EPS for the quarter was 64
cents​.
    * The company reported quarterly net income of $15.8
million.
    * Legacy Housing Corp shares had fallen by 1.7% this
quarter and
gained 6.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2% 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 $31.00 
This summary was machine generated from LSEG data November 13 at
02:21 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
 Sep. 30 2024      0.60           0.64           Beat
 Jun. 30 2024      0.58           0.65           Beat
 Mar. 31 2024      0.38           0.60           Beat
 Dec. 31 2023      0.71           0.28           Missed