Cavco Indus Q1 EPS $5.29 Misses $6.76 Estimate, Sales $475.88M Miss $552.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cavco Indus (NASDAQ:CVCO) reported Q1 earnings of $5.29 per share, missing the analyst consensus estimate of $6.76 by 21.75%. This is a 20.21% decrease from the same period last year. The company also reported quarterly sales of $475.88 million, missing the analyst consensus estimate of $552.90 million by 13.93%. This is a 19.12% decrease from the same period last year.
August 04, 2023 | 2:21 pm
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Cavco Indus reported lower than expected Q1 earnings and sales, with a significant YoY decrease. This could negatively impact the company's stock price in the short term.
Cavco Indus reported a significant decrease in both earnings and sales compared to the same period last year, and also missed analyst estimates. This is likely to be viewed negatively by investors, which could lead to a decrease in the company's stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100