Landsea Homes Q1 2024 Adj EPS $0.06 Beats $0.04 Estimate, Sales $294.041M Beat $279.860M Estimate
Portfolio Pulse from Benzinga Newsdesk
Landsea Homes (NASDAQ:LSEA) reported Q1 2024 earnings of $0.06 per share, surpassing the $0.04 estimate, a 66.67% decrease from last year's $0.18. Sales reached $294.041M, beating the $279.860M estimate, marking a 21.64% increase from the previous year.
May 01, 2024 | 10:03 am
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Landsea Homes reported a significant beat on both earnings and sales estimates for Q1 2024, with earnings of $0.06 per share and sales of $294.041M.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The significant outperformance in both key financial metrics demonstrates the company's strong growth and operational efficiency, likely making it more attractive to investors.
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RELEVANCE 100