Landsea Homes Q4 2023 Adj EPS $0.43 Beats $0.24 Estimate, Sales $397.62M Beat $324.51M Estimate
Portfolio Pulse from Benzinga Newsdesk
Landsea Homes (NASDAQ:LSEA) reported Q4 2023 adjusted EPS of $0.43, surpassing the $0.24 estimate, with sales of $397.62M exceeding the $324.51M forecast. This represents a 6.65% decrease in sales compared to the same period last year.
February 29, 2024 | 11:03 am
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Landsea Homes reported a significant beat on both EPS and sales estimates for Q4 2023, with a slight decrease in sales year-over-year.
Beating both EPS and sales estimates significantly indicates strong financial performance and operational efficiency, which is likely to positively influence investor sentiment and stock price in the short term. However, the year-over-year decrease in sales might temper some of the positive momentum.
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