MDC Holdings Inc reports results for the quarter ended in December - Earnings Summary

MDC Holdings

30/01/2024 14:31

* MDC Holdings Inc  MDC.N  reported quarterly adjusted
earnings of
$1.56​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of
$1.08.  The mean expectation of five analysts for the quarter
was for earnings of $1.49 per share. Wall Street expected
results to range from $1.40  to $1.56 per share.
    * Revenue fell 11.4% to $1.35 billion from a year ago;
analysts
expected $1.29 billion. 
    * MDC Holdings Inc's reported EPS for the quarter was
$1.56​.
    * The company reported quarterly net income of $119.51
million.
    * MDC Holdings Inc shares had risen by 13.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.2%
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 "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the homebuilding
peer
group is also "hold"

Wall Street's median 12-month price target for MDC Holdings Inc
is $55.00 
This summary was machine generated from LSEG data January 30 at
02:31 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
 Dec. 31 2023      1.49           1.56           Beat
 Sep. 30 2023      1.20           1.40           Beat
 Jun. 30 2023      0.75           1.24           Beat
 Mar. 31 2023      0.55           1.08           Beat