Legacy Housing Late Friday Reported Q4 2023 GAAP EPS $0.34 Misses $0.77 Estimate, Sales $33.670M Miss $60.648M Estimate
Portfolio Pulse from Benzinga Newsdesk
Legacy Housing (NASDAQ:LEGH) reported Q4 2023 earnings of $0.34 per share, missing the consensus estimate of $0.77 by 55.84%. Quarterly sales were $33.670M, missing the estimate of $60.648M by 44.48%, and representing a 55.43% decrease from the same period last year.
March 18, 2024 | 2:16 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Legacy Housing reported significantly lower Q4 2023 earnings and sales than expected, missing estimates and showing a substantial decrease from the previous year.
The substantial miss in both earnings per share and sales compared to analyst estimates, coupled with a significant year-over-year decrease in sales, suggests a negative short-term impact on LEGH's stock price. Investors typically react unfavorably to earnings misses, especially when they are as pronounced as LEGH's, leading to potential sell-offs.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100