Green Brick Partners Q2 EPS $1.63 Beats $1.27 Estimate, Sales $456.29M Beat $439.78M Estimate
Portfolio Pulse from Benzinga Newsdesk
Green Brick Partners (NYSE:GRBK) reported Q2 earnings of $1.63 per share, beating the analyst consensus estimate of $1.27 by 28.35%. However, this is a 21.63% decrease from the same period last year. The company also reported quarterly sales of $456.29 million, beating the analyst consensus estimate of $439.78 million by 3.75%, but this is a 13.11% decrease from the same period last year.
August 04, 2023 | 12:10 pm
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Green Brick Partners reported better than expected Q2 earnings and sales, but both figures are down from the same period last year.
While Green Brick Partners beat analyst estimates for Q2 earnings and sales, the fact that both figures are down year-over-year could have a neutral impact on the stock. Investors may be pleased with the beat, but concerned about the YoY decrease.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100