M.D.C. Holdings Q3 EPS $1.40 Beats $1.20 Estimate, Sales $1.09B Miss $1.13B Estimate
Portfolio Pulse from Benzinga Newsdesk
M.D.C. Holdings (NYSE:MDC) reported Q3 earnings of $1.40 per share, beating the analyst consensus estimate of $1.20 by 16.67%. However, this is a 29.29% decrease from the same period last year. The company's quarterly sales of $1.09 billion missed the analyst consensus estimate of $1.13 billion by 3.81%, marking a 24.62% decrease from the same period last year.
October 26, 2023 | 10:19 am
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NEGATIVE IMPACT
M.D.C. Holdings beat Q3 earnings estimates but missed on sales, with both earnings and sales down year-over-year.
M.D.C. Holdings reported a beat on earnings per share estimates, which is generally positive for the stock. However, the company missed on sales estimates and reported a decrease in both earnings and sales compared to the same period last year. This mixed report, combined with the year-over-year decreases, could negatively impact the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100