Cavco Industries Q4 2024 GAAP EPS $4.03 Misses $4.51 Estimate, Sales $420.118M Miss $470.114M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cavco Industries (NASDAQ: CVCO) reported Q4 2024 earnings per share (EPS) of $4.03, missing the analyst consensus estimate of $4.51 by 10.64%. The company also reported quarterly sales of $420.118 million, which missed the estimate of $470.114 million by 10.63%. This represents an 11.81% decrease in sales compared to the same period last year.
May 23, 2024 | 8:15 pm
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Cavco Industries reported Q4 2024 earnings and sales that missed analyst estimates. EPS was $4.03, below the $4.51 estimate, and sales were $420.118 million, below the $470.114 million estimate. Sales also decreased by 11.81% year-over-year.
The significant miss on both EPS and sales estimates, along with a year-over-year decline in sales, is likely to negatively impact Cavco Industries' stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100