Cavco Indus Q3 EPS $4.27, Inline, Sales $446.77M Beat $425.88M Estimate
Portfolio Pulse from mahesh@benzinga.com
Cavco Industries (CVCO) reported Q3 earnings of $4.27 per share, meeting analyst estimates, but marking a 35.89% decrease from last year. Sales of $446.77M exceeded estimates by 4.90% but were down 10.75% from the previous year.
February 01, 2024 | 9:21 pm
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Cavco Industries reported Q3 earnings per share of $4.27, aligning with estimates but showing a significant decrease from the previous year. Sales exceeded expectations but also decreased compared to last year.
While Cavco Industries met earnings estimates, the significant year-over-year decrease in both earnings and sales could lead to mixed investor sentiment. The fact that they beat sales estimates might offset some negative impact, but the overall decrease in performance compared to the previous year could temper any potential positive reaction in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100