Recap: Legacy Housing Q3 Earnings
Portfolio Pulse from Benzinga Insights
Legacy Housing (NASDAQ:LEGH) reported Q3 earnings, beating estimated earnings by 10.34% with an EPS of $0.64, against an estimate of $0.58. However, revenue was down $7.39 million from the same period last year. Last quarter, the company missed on EPS by $0.02, which was followed by a 1.75% drop in the share price the next day.
November 09, 2023 | 9:50 pm
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Legacy Housing's Q3 earnings beat estimates, but revenue was down YoY. Last quarter's EPS miss led to a share price drop.
Legacy Housing's earnings beat estimates, which is generally positive for the stock. However, the decrease in revenue compared to the same period last year is a negative factor. Additionally, the company's share price dropped after missing EPS estimates last quarter, which may make investors cautious.
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