Q1 Revenue at $363.5M, Below Consensus
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 14h ago
0mins
Reports Q1 revenue $363.5M, consensus $423.2M. "Results for our first fiscal quarter of 2026 reflected persistent demand challenges and elevated incentives in the market," said Allan P. Merrill, CEO. "However, with national builders slowing starts last year and lower mortgage rates, we are cautiously optimistic for the spring selling season. As we navigate an uncertain environment, we remain focused on driving sequential margin improvements through the remainder of fiscal 2026 through construction cost reductions, favorable mix impacts, and strong performance from our newest communities. We will also realign our land portfolio through selective asset sales and use a portion of the proceeds to accelerate highly accretive share repurchases."
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Analyst Views on BZH
Wall Street analysts forecast BZH stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for BZH is 23.00 USD with a low forecast of 23.00 USD and a high forecast of 23.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 23.580
Low
23.00
Averages
23.00
High
23.00
Current: 23.580
Low
23.00
Averages
23.00
High
23.00
About BZH
Beazer Homes USA, Inc. is a geographically diversified homebuilder with active operations in approximately 13 states. It operates in three segments: West, East, and Southeast. The West segment includes Arizona, California, Nevada, and Texas. The East segment includes Delaware, Indiana, Maryland, New Jersey(a), Tennessee, and Virginia. The Southeast segment includes Florida, Georgia, North Carolina, and South Carolina. Its portfolio includes Montana Vista, Retreat at Rancho Mirage, Acacia Foothills at Estrella, Highpointe at Northpointe, Marbella at Windrose, Tirreno at IronWing, Cassia at Vistancia, Bethany Grove, Sanctuary, and Willows at Bella Vista Farms. It builds its homes in Arizona, California, Delaware, Florida, Georgia, Indiana, Maryland, Nevada, North Carolina, South Carolina, Tennessee, Texas, and Virginia. The Company with its Choice Plans, consumers can personalize primary living areas, giving you a choice of how you want to live in the home, at no additional cost.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Beazer Homes to Announce Q1 Earnings on January 29
- Earnings Announcement Schedule: Beazer Homes (BZH) is set to release its Q1 2023 earnings report on January 29 after market close, with consensus EPS estimate at -$0.49 and revenue estimate at $423.23 million, reflecting a 9.7% year-over-year decline.
- Historical Performance Review: Over the past year, BZH has exceeded EPS estimates 100% of the time, while only 25% of revenue estimates were surpassed, indicating stability in profitability but volatility in revenue.
- Expectation Revision Dynamics: In the last three months, there have been no upward revisions to EPS estimates, with two downward adjustments, and similarly, revenue estimates saw no upward revisions but three downward, suggesting market caution regarding the company's future performance.
- Market Opportunity Analysis: Despite facing revenue decline challenges, Beazer Homes aims to target over 200 communities by 2027, indicating the company's commitment to margin improvement efforts and long-term growth potential.
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Beazer Homes Q1 2026 Earnings Call Insights
- Sales Performance Review: Beazer Homes sold 763 homes in Q1 2026, achieving a pace of 1.5 sales per community per month, and while this was below expectations, management remains optimistic about future sales growth.
- Financial Overview: The company reported homebuilding revenue of $359.7 million in Q1, with an average selling price of $514,000; gross margin fell to 14% due to a $6.4 million litigation-related charge, but excluding this, gross margin would have been 15.8%.
- Share Repurchase Plan: Beazer executed $15 million in share buybacks in Q1, with $72 million remaining on its authorization, and management believes that selling land above book value to repurchase shares below book value will be highly accretive for shareholders.
- Future Outlook: Management expects to sell approximately 1,100 homes and close about 800 in Q2, with anticipated adjusted gross margins remaining flat; despite market uncertainties, they are committed to achieving full-year EBITDA growth.
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