BZH's strategies, like higher incentives and focus on non-"Zero Energy Ready" spec homes, are likely to have contributed to fourth-quarter performance amid inflationary pressures and high rates.
Beyond analysts' top -and-bottom-line estimates for Beazer (BZH), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
Beazer Homes USA, Inc.'s Q3 results met expectations, finally showing improving revenues year-on-year, but still showing a weakening gross margin. The implied Q4 outlook was significantly lowered, but I believe that the lowering was already anticipated. The short-term macroeconomic outlook stands cloudy, but falling interest rates should aid Beazer Homes' demand in the midterm, as the company sees a good FY2025 ahead.
Beazer Homes USA ( BZH ) reported their June quarter results on August 1, delivering revenue of $595.68 million, up 4% over the same period last year and EPS (earnings per share) of just $0.88, compared to $1.24 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $599.12 million, representing a surprise of -0.57%, while EPS landed a positive surprise of +4.76% vs.
FOXF, CRGY and BZH have been added to the Zacks Rank #5 (Strong Sell) List on August 6, 2024.
While the top- and bottom-line numbers for Beazer (BZH) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Beazer Homes USA Inc (NYSE:BZH ) Q3 2024 Results Conference Call August 1, 2024 5:00 PM ET Company Participants Dave Goldberg - Senior VP & CFO Allan Merrill - Chairman, President & CEO Conference Call Participants Alan Ratner - Zelman & Associates Julio Romero - Sidoti & Company Alex Barrón - Housing Research Center Jay McCanless - Wedbush Operator Good afternoon, and welcome to the Beazer Homes Earnings Conference Call for the Third Quarter ended June 30, 2024. Today's call is being recorded, and a replay will be available on the company's website later today.
Beazer Homes (BZH) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $1.24 per share a year ago.
Strategic efforts to drive customer and long-term targets are set to drive Beazer Homes (BZH) amid housing challenges.
Large-cap stocks regularly capture headlines. These corporations have delivered exceptional returns for many years and are in popular indices like the S&P 500 and the Nasdaq Composite.
Beazer (BZH) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Beazer Homes USA stock has surged 89.5% since July 2022, outperforming the S&P 500. Despite mixed financial performance, the company is showing improvements in closings, backlog, and net new orders. With the stock trading at a low valuation and potential catalysts on the horizon, an upgrade to a 'strong buy' is warranted.