Recap: Green Brick Partners Q4 Earnings
Portfolio Pulse from Benzinga Insights
Green Brick Partners (NYSE:GRBK) reported Q4 earnings with an EPS of $1.58, missing the estimated $1.77 by -11.0%. Revenue increased by $19.29 million from the previous year. In the past, a beat on EPS led to a 7% share price increase the next day. The company's performance over the past quarters shows fluctuating EPS and revenue growth.
February 29, 2024 | 9:40 pm
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Green Brick Partners reported a Q4 EPS of $1.58, missing estimates by -11.0%, but showed revenue growth of $19.29 million YOY.
Missing the estimated earnings by -11.0% could lead to a negative short-term impact on GRBK's stock price, as historical data suggests that earnings performance significantly influences share price movements. However, the revenue growth might mitigate some of the negative impacts.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100