Smith Douglas Homes Q2 2024 GAAP EPS $0.40 Misses $0.42 Estimate, Sales $220.900M Beat $209.144M Estimate
Portfolio Pulse from Benzinga Newsdesk
Smith Douglas Homes (NYSE:SDHC) reported Q2 2024 GAAP EPS of $0.40, missing the $0.42 estimate, but achieved sales of $220.9M, beating the $209.144M estimate. Sales increased by 21.69% year-over-year.
August 14, 2024 | 11:05 am
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Smith Douglas Homes reported Q2 2024 GAAP EPS of $0.40, missing the $0.42 estimate by 4.76%. However, the company achieved sales of $220.9M, beating the $209.144M estimate by 5.62%, and marking a 21.69% increase year-over-year.
The mixed results, with EPS missing estimates but sales beating expectations and showing significant year-over-year growth, suggest a neutral short-term impact on the stock price. Investors may weigh the earnings miss against the strong sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100