Countdown to Legacy Housing (LEGH) Q3 Earnings: Wall Street Forecasts for Key Metrics
Get a deeper insight into the potential performance of Legacy Housing (LEGH) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Legacy Housing: Little Homes Offer Solid Potential
Legacy Housing Corporation, a top manufacturer of tiny homes, faces fluctuating financial performance but remains attractive due to low debt and strong profit margins. Despite recent revenue and unit sales declines, the company's homes are significantly cheaper, appealing to buyers with annual incomes under $75,000. With interest in tiny homes remaining elevated and potential benefits from future interest rate declines, Legacy Housing is rated a soft 'buy'.
Legacy Housing Corporation (LEGH) Q2 2024 Earnings Call Transcript
Legacy Housing Corporation (NASDAQ:LEGH ) Q2 2024 Earnings Conference Call August 9, 2024 11:00 AM ET Company Participants Duncan Bates - President & Chief Executive Officer Max Africk - General Counsel Jeffrey Fiedelman - Chief Financial Officer Conference Call Participants Daniel Moore - CJS Securities. Mark Smith - Lake Street Jay McCanless - Wedbush George Melas-Kyriazi - MKH Management Alex Rygiel - B.
Here's What Key Metrics Tell Us About Legacy Housing (LEGH) Q2 Earnings
Although the revenue and EPS for Legacy Housing (LEGH) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Legacy Housing (LEGH) Surpasses Q2 Earnings Estimates
Legacy Housing (LEGH) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.60 per share a year ago.
Wall Street Analysts Think Legacy Housing (LEGH) Could Surge 26.68%: Read This Before Placing a Bet
The mean of analysts' price targets for Legacy Housing (LEGH) points to a 26.7% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Can Legacy Housing (LEGH) Run Higher on Rising Earnings Estimates?
Legacy Housing (LEGH) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
