Legacy Housing Q1 2024 GAAP EPS $0.60 Beats $0.58 Estimate, Sales $43.243M Beat $38.174M Estimate
Portfolio Pulse from Benzinga Newsdesk
Legacy Housing (NASDAQ:LEGH) reported Q1 2024 earnings of $0.60 per share, surpassing the $0.58 estimate, and sales of $43.243M, exceeding the $38.174M estimate. However, this represents a decrease from the previous year's earnings and sales.
May 09, 2024 | 11:03 pm
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Legacy Housing reported higher-than-expected Q1 2024 earnings and sales, but both metrics show a decrease from the previous year.
Beating earnings and sales estimates typically has a positive short-term impact on a company's stock price. However, the year-over-year decrease in both earnings and sales might temper investor enthusiasm, suggesting a cautious optimism.
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