Landsea Homes Expects FY24 New Home Deliveries Of 2,500-2,900, Home Sales Gross Margin To Be 7%-18%
Portfolio Pulse from Benzinga Newsdesk
Landsea Homes forecasts FY24 new home deliveries to range between 2,500-2,900 units, with an expected home sales gross margin of 7%-18%.
May 01, 2024 | 10:08 am
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Landsea Homes anticipates delivering between 2,500 and 2,900 new homes in FY24, with a gross margin on home sales ranging from 7% to 18%.
The forecasted increase in new home deliveries and a healthy gross margin range indicate a positive outlook for Landsea Homes. This projection suggests growth in operations and profitability, which is likely to be viewed favorably by investors, potentially leading to a positive impact on the stock price in the short term.
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