Legacy Housing Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Legacy Housing (NASDAQ:LEGH) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$44.3m (down 11% from 3Q 2023).
• Net income: US$15.8m (down 1.8% from 3Q 2023).
• Profit margin: 36% (up from 32% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: US$0.65 (down from US$0.66 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Legacy Housing EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 7.8%. Earnings per share (EPS) exceeded analyst estimates by 6.2%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Consumer Durables industry in the US.

Performance of the American Consumer Durables industry.

The company's shares are down 4.5% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Legacy Housing's balance sheet health.

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