Legacy Housing Q3 EPS $0.64 Beats $0.58 Estimate, Sales $49.94M Miss $53.51M Estimate
Portfolio Pulse from Benzinga Newsdesk
Legacy Housing (NASDAQ:LEGH) reported Q3 earnings of $0.64 per share, beating the analyst consensus estimate of $0.58 by 10.34%. However, the company's quarterly sales of $49.94 million missed the analyst consensus estimate of $53.51 million by 6.68%, marking a 12.89% decrease from the same period last year.
November 09, 2023 | 9:35 pm
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Legacy Housing's Q3 earnings beat estimates but sales missed, which could lead to mixed market reactions.
Legacy Housing's earnings per share beat estimates, which is positive for the stock. However, the company's sales missed estimates, which is negative. These two factors could offset each other, leading to a neutral impact on the stock price in the short term.
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