In the latest trading session, M.D.C. Holdings, Inc. closed at $45.67, marking a +1.15% move from the previous day. This change outpaced the S&P 500's 0.67% gain on the day. Meanwhile, the Dow gained 0.93%, and the Nasdaq, a tech-heavy index, added 9.29%.
Heading into today, shares of the company had gained 0.16% over the past month, lagging the Construction sector's gain of 6.73% and the S&P 500's gain of 2.65% in that time.
Wall Street will be looking for positivity from M.D.C. Holdings, Inc. as it approaches its next earnings report date. This is expected to be July 27, 2023. The company is expected to report EPS of $0.67, down 74.13% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $934.68 million, down 37.15% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.55 per share and revenue of $4.05 billion. These totals would mark changes of -53.72% and -29.2%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for M.D.C. Holdings, Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 4.74% higher. M.D.C. Holdings, Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Digging into valuation, M.D.C. Holdings, Inc. currently has a Forward P/E ratio of 12.73. Its industry sports an average Forward P/E of 9.76, so we one might conclude that M.D.C. Holdings, Inc. is trading at a premium comparatively.
The Building Products - Home Builders industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 13, which puts it in the top 6% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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M.D.C. Holdings, Inc. (MDC) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, M.D.C. Holdings, Inc. closed at $45.67, marking a +1.15% move from the previous day. This change outpaced the S&P 500's 0.67% gain on the day. Meanwhile, the Dow gained 0.93%, and the Nasdaq, a tech-heavy index, added 9.29%.
Heading into today, shares of the company had gained 0.16% over the past month, lagging the Construction sector's gain of 6.73% and the S&P 500's gain of 2.65% in that time.
Wall Street will be looking for positivity from M.D.C. Holdings, Inc. as it approaches its next earnings report date. This is expected to be July 27, 2023. The company is expected to report EPS of $0.67, down 74.13% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $934.68 million, down 37.15% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.55 per share and revenue of $4.05 billion. These totals would mark changes of -53.72% and -29.2%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for M.D.C. Holdings, Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 4.74% higher. M.D.C. Holdings, Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Digging into valuation, M.D.C. Holdings, Inc. currently has a Forward P/E ratio of 12.73. Its industry sports an average Forward P/E of 9.76, so we one might conclude that M.D.C. Holdings, Inc. is trading at a premium comparatively.
The Building Products - Home Builders industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 13, which puts it in the top 6% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.