Compared to Estimates, Legacy Housing (LEGH) Q3 Earnings: A Look at Key Metrics

Zacks Equity Research
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Legacy Housing reported $44.27 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 11.4%. EPS for the same period was $0.64, which was the same as the previous year's EPS of $0.64. (Source: Zacks Investment Research)

The reported revenue of $44.27 million compares to the Zacks Consensus Estimate of $51.14 million, representing a surprise of -13.44%. The company delivered an EPS surprise of -1.54%, with the consensus EPS estimate being $0.65. (Source: Zacks Investment Research)

The key metrics that influenced Legacy Housing's performance in the just reported quarter included Net revenue- Consumer, MHP and dealer loans interest, Net revenue- Other, and Net revenue- Product sales. (Source: Zacks Investment Research)

Net revenue- Consumer, MHP and dealer loans interest was $10.33 million, compared to the $10.11 million average estimate, and represented a +17.4% year-over-year change. Net revenue- Other was $3.77 million, compared to the $1.45 million estimated, and represented a -8.7% year-over-year change. Net revenue- Product sales was $30.17 million, compared to the $39.58 million estimated, and represented a -18.5% year-over-year change. (Source: Zacks Investment Research)

Shares of Legacy Housing have returned +2% over the past month, and the stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. (Source: Zacks Investment Research)

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Legacy Housing (LEGH) reported $44.27 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 11.4%. EPS of $0.64 for the same period compares to $0.64 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $51.14 million, representing a surprise of -13.44%. The company delivered an EPS surprise of -1.54%, with the consensus EPS estimate being $0.65.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

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, MHP and dealer loans interest: $10.33 million compared to the $10.11 million average estimate based on two analysts. The reported number represents a change of +17.4% year over year.

  • Net revenue- Other: $3.77 million versus $1.45 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -8.7% change.

  • Net revenue- Product sales: $30.17 million versus $39.58 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -18.5% change.

View all Key Company Metrics for Legacy Housing here>>>

Shares of Legacy Housing have returned +2% over the past month versus the Zacks S&P 500 composite's +3.3% 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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