Smith Douglas Homes Q1 2024 GAAP EPS $0.33 Misses $0.41 Estimate, Sales $189.209M Beat $188.359M Estimate
Portfolio Pulse from Benzinga Newsdesk
Smith Douglas Homes (NYSE:SDHC) reported Q1 2024 earnings of $0.33 per share, missing the consensus estimate of $0.41 by 19.51%. However, their quarterly sales of $189.209M exceeded the estimate of $188.359M by 0.45%, marking a 12.53% increase from the previous year.
May 14, 2024 | 11:49 am
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Smith Douglas Homes reported lower-than-expected Q1 2024 earnings per share but exceeded revenue estimates, showing a significant year-over-year sales increase.
The miss in earnings per share (EPS) could negatively impact investor sentiment and stock price in the short term. However, the beat on revenue estimates and the significant year-over-year sales growth could offset some of the negative impact. The mixed results present a neutral outlook in the short term as investors weigh the implications of the earnings miss against the strong sales performance.
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