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Here's What Key Metrics Tell Us About Legacy Housing (LEGH) Q2 Earnings
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For the quarter ended June 2024, Legacy Housing (LEGH - Free Report) reported revenue of $42.5 million, down 19.3% over the same period last year. EPS came in at $0.65, compared to $0.60 in the year-ago quarter.
The reported revenue represents a surprise of -8.31% over the Zacks Consensus Estimate of $46.35 million. With the consensus EPS estimate being $0.58, the EPS surprise was +12.07%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Legacy Housing performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net revenue- Consumer and MHP loans interest
: $9.84 million versus $10.49 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +16% change.
Net revenue- Other
: $1 million versus $1.83 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -45.5% change.
Net revenue- Product sales
: $31.65 million versus the two-analyst average estimate of $33.99 million. The reported number represents a year-over-year change of -25.2%.
Shares of Legacy Housing have returned +14.9% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Here's What Key Metrics Tell Us About Legacy Housing (LEGH) Q2 Earnings
For the quarter ended June 2024, Legacy Housing (LEGH - Free Report) reported revenue of $42.5 million, down 19.3% over the same period last year. EPS came in at $0.65, compared to $0.60 in the year-ago quarter.
The reported revenue represents a surprise of -8.31% over the Zacks Consensus Estimate of $46.35 million. With the consensus EPS estimate being $0.58, the EPS surprise was +12.07%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Legacy Housing performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Legacy Housing here>>>Net revenue- Consumer and MHP loans interest
: $9.84 million versus $10.49 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +16% change.Net revenue- Other
: $1 million versus $1.83 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -45.5% change.Net revenue- Product sales
: $31.65 million versus the two-analyst average estimate of $33.99 million. The reported number represents a year-over-year change of -25.2%.Shares of Legacy Housing have returned +14.9% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.