M.D.C. Holdings Q4 EPS $1.56 Beats $1.49 Estimate, Sales $1.35B Beat $1.29B Estimate
Portfolio Pulse from Benzinga Newsdesk
M.D.C. Holdings (NYSE:MDC) reported Q4 earnings of $1.56 per share, surpassing the consensus estimate of $1.49, and representing a 44.44% increase from the previous year. Quarterly sales were $1.35B, exceeding estimates of $1.29B but showing an 11.18% decrease from the prior year.
January 30, 2024 | 11:03 am
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POSITIVE IMPACT
M.D.C. Holdings reported higher-than-expected Q4 earnings and sales, with EPS at $1.56 and sales at $1.35B, beating estimates.
The positive earnings and sales beat are likely to instill investor confidence and could lead to a short-term uptick in M.D.C. Holdings' stock price. The significant year-over-year increase in EPS is particularly encouraging, although the decrease in sales compared to last year might temper some of the positive sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100