Smith Douglas Homes Corp reports results for the quarter ended in June - Earnings Summary

Smith Douglas Homes

14/08/2024 14:52

* Smith Douglas Homes Corp  SDHC.N  reported quarterly
adjusted
earnings of 40 cents​​ per share for the quarter ended in June. 
The mean expectation of six analysts for the quarter was
for earnings of 37 cents per share. Wall Street expected
results to range from 36 cents to 38 cents per share.
    * Revenue was $220.93 million​; analysts expected $209.14
million. 
    * Smith Douglas Homes Corp's reported EPS for the quarter
was 40
cents​.
    * Smith Douglas Homes Corp shares had risen by 39.3% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.6%
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 1 "strong buy" or "buy," 5
"hold" and no "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 Smith Douglas
Homes Corp is $25.50 
This summary was machine generated from LSEG data August 14 at
01:51 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
 Jun. 30 2024      0.37           0.40           Beat
 Mar. 31 2024      0.31           0.33           Beat
 Dec. 31 2023      0.40