M.D.C. Holdings's Projected Home Deliveries For Q4 Expected To Be Between 2,200-2,400; Sees Projected Average Selling Price For Q4 Unit Deliveries Between $545,000-$555,00; Expects Q4 Projected Gross Margin From Home Sales 18%-19.5%
Portfolio Pulse from Benzinga Newsdesk
M.D.C. Holdings projects its home deliveries for Q4 to be between 2,200-2,400 units. The average selling price per unit is expected to be between $545,000-$555,000. The company also anticipates a Q4 gross margin from home sales of 18%-19.5%.
October 26, 2023 | 10:26 am
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NEUTRAL IMPACT
M.D.C. Holdings's Q4 projections include home deliveries of 2,200-2,400 units, an average selling price of $545,000-$555,000 per unit, and a gross margin from home sales of 18%-19.5%.
The news directly pertains to M.D.C. Holdings's Q4 projections. While the projected figures seem to be in line with industry standards, the actual impact on the stock price will depend on how these projections compare to market expectations. If the projections are better than expected, the stock price may increase, and vice versa. However, without additional context, the short-term price direction based on this news alone is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100