M.D.C. Holdings Q2 EPS $1.24 Beats $0.74 Estimate, Sales $1.14B Beat $935.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
M.D.C. Holdings reported Q2 earnings of $1.24 per share, beating the analyst consensus estimate of $0.74 by 67.57%. However, this is a 52.12% decrease from the same period last year. The company also reported quarterly sales of $1.14 billion, beating the estimate of $935.10 million by 21.48%, but this is a 23.60% decrease from last year.
July 27, 2023 | 10:03 am
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NEUTRAL IMPACT
M.D.C. Holdings' Q2 earnings and sales beat estimates but are down from last year. This mixed result could lead to uncertain market reactions.
While M.D.C. Holdings beat estimates for Q2, the decrease in earnings and sales from the same period last year could lead to mixed market reactions. Investors may be pleased with the beat but concerned about the year-on-year decrease.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100