Landsea Homes Q2 Adj. EPS $0.33 Beats $0.22 Estimate, Sales $293.24M Beat $251.41M Estimate
Portfolio Pulse from Benzinga Newsdesk
Landsea Homes reported Q2 adjusted earnings of $0.33 per share, beating the analyst consensus estimate of $0.22 by 50%. However, this is a 53.52% decrease from the same period last year. The company also reported quarterly sales of $293.24 million, surpassing the analyst consensus estimate of $251.41 million by 16.64%, but this is a 20.46% decrease from the same period last year.
August 01, 2023 | 10:07 am
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Landsea Homes' Q2 earnings beat estimates but are down from last year. This mixed result could lead to uncertain market reactions.
While Landsea Homes beat analyst estimates for Q2, the decrease in earnings and sales compared to the same period last year could be a concern for investors. This could lead to uncertainty in the market, potentially affecting the stock's short-term performance.
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