Legacy Housing (LEGH) reported $44.27 million in income for the quarter ended September 2024, representing a year-over-year decline of 11.4%. EPS of $0.64 for a similar interval compares to $0.64 a yr in the past.
The reported income compares to the Zacks Consensus Estimate of $51.14 million, representing a shock of -13.44%. The corporate delivered an EPS shock of -1.54%, with the consensus EPS estimate being $0.65.
Whereas traders carefully watch year-over-year adjustments in headline numbers — income and earnings — and the way they examine to Wall Road expectations to find out their subsequent plan of action, some key metrics at all times 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 traders venture 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, MHP and seller loans curiosity: $10.33 million in comparison with the $10.11 million common estimate based mostly on two analysts. The reported quantity represents a change of +17.4% yr over yr.
- Web revenue- Different: $3.77 million versus $1.45 million estimated by two analysts on common. In comparison with the year-ago quarter, this quantity represents a -8.7% change.
- Web revenue- Product gross sales: $30.17 million versus $39.58 million estimated by two analysts on common. In comparison with the year-ago quarter, this quantity represents a -18.5% change.
View all Key Company Metrics for Legacy Housing here>>>
Shares of Legacy Housing have returned +2% over the previous month versus the Zacks S&P 500 composite’s +3.3% change. The inventory at the moment has a Zacks Rank #3 (Maintain), indicating that it might carry out in keeping with the broader market within the close to time period.
5 Shares Set to Double
Every was handpicked by a Zacks professional because the #1 favourite inventory to achieve +100% or extra in 2024. Whereas not all picks may be winners, earlier suggestions have soared +143.0%, +175.9%, +498.3% and +673.0%.
A lot of the shares on this report are flying underneath Wall Road radar, which offers an excellent alternative to get in on the bottom ground.
Today, See These 5 Potential Home Runs >>
Legacy Housing Corporation (LEGH) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
