Landsea Homes Q2 2024 Adj. EPS $0.36 Beats $0.10 Estimate, Sales $431.143M Beat $338.582M Estimate
Portfolio Pulse from Benzinga Newsdesk
Landsea Homes (NASDAQ:LSEA) reported Q2 2024 adjusted EPS of $0.36, significantly beating the $0.10 estimate. Sales were $431.143M, surpassing the $338.582M estimate. Both EPS and sales showed substantial year-over-year growth.
August 01, 2024 | 10:03 am
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Landsea Homes reported Q2 2024 adjusted EPS of $0.36, beating the $0.10 estimate by 260%. Sales were $431.143M, surpassing the $338.582M estimate by 27.34%. Both EPS and sales showed significant year-over-year growth.
The significant beat on both EPS and sales estimates, along with strong year-over-year growth, is likely to positively impact LSEA's stock price in the short term. Investors typically react favorably to such earnings surprises.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100