Beazer Homes USA Q1 EPS $0.70 Misses $0.71 Estimate, Sales $386.82M Miss $424.25M Estimate
Portfolio Pulse from totan@benzinga.com
Beazer Homes USA (NYSE:BZH) reported Q1 earnings of $0.70 per share, missing the consensus estimate of $0.71. Sales were $386.82M, also below the expected $424.25M, marking a decrease from the previous year's figures in both earnings and sales.
February 01, 2024 | 9:45 pm
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NEGATIVE IMPACT
Beazer Homes USA reported lower than expected Q1 earnings and sales, with a decrease compared to last year's figures.
Missing earnings and sales estimates, especially with a year-over-year decline, typically leads to negative investor sentiment and could result in a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100