Green Brick Partners Q1 2024 GAAP EPS $1.82 Beats $1.51 Estimate, Sales $447.338M Beat $439.986M Estimate
Portfolio Pulse from Benzinga Newsdesk
Green Brick Partners (NYSE:GRBK) reported Q1 2024 earnings of $1.82 per share, surpassing the $1.51 estimate, a 20.53% beat. Sales reached $447.338M, exceeding the $439.986M forecast by 1.67%, despite a slight 1.04% year-over-year decrease.
May 01, 2024 | 9:44 pm
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Green Brick Partners reported a significant earnings beat and a slight sales beat for Q1 2024, with EPS at $1.82 against a $1.51 estimate and sales of $447.338M against a $439.986M estimate.
The significant beat on both earnings per share and sales estimates for Q1 2024 indicates a strong financial performance by Green Brick Partners, likely leading to positive investor sentiment and potential short-term stock price appreciation. The year-over-year sales decrease is minor and unlikely to overshadow the earnings beat.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100