Legacy Housing (LEGH) reported $43.24 million in income for the quarter ended March 2024, representing a year-over-year decline of 18.2%. EPS of $0.60 for a similar interval compares to $0.65 a yr in the past.
The reported income represents a shock of +13.59% over the Zacks Consensus Estimate of $38.07 million. With the consensus EPS estimate being $0.36, the EPS shock was +66.67%.
Whereas buyers carefully watch year-over-year adjustments in headline numbers — income and earnings — and the way they evaluate to Wall Road expectations to find out their subsequent plan of action, some key metrics all the time present a greater perception into an organization’s underlying efficiency.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps buyers mission a inventory’s worth efficiency extra precisely.
Right here is how Legacy Housing carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Road analysts:
- Web revenue- Client and MHP loans curiosity: $10.63 million in comparison with the $10.91 million common estimate based mostly on two analysts. The reported quantity represents a change of +38% yr over yr.
- Web revenue- Different: $1.78 million in comparison with the $0.30 million common estimate based mostly on two analysts. The reported quantity represents a change of -3.1% yr over yr.
- Web revenue- Product gross sales: $30.83 million in comparison with the $26.91 million common estimate based mostly on two analysts. The reported quantity represents a change of -28.8% yr over yr.
View all Key Company Metrics for Legacy Housing here>>>
Shares of Legacy Housing have returned +3% over the previous month versus the Zacks S&P 500 composite’s -0.3% change. The inventory presently has a Zacks Rank #5 (Robust Promote), indicating that it might underperform the broader market within the close to time period.
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Legacy Housing Corporation (LEGH) : Free Stock Analysis Report
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