LEGH Earnings Prediction
The chart below shows how LEGH performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LEGH sees a -2.14% change in stock price 10 days leading up to the earnings, and a +2.78% change 10 days following the report. On the earnings day itself, the stock moves by +0.86%. This data can give you a slight idea of what to expect for the next quarter's release.
LEGH Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
44.27M
-11.36%
4.17%
Gross Margin
47.25%
-6.06%
-4.10%
Operating Margin
34.62%
-9.09%
-8.22%
Net Margin
35.70%
10.80%
-6.30%
EPS
0.64
0.00%
-1.54%
No Data Available
LEGH Earnings Analysis
Legacy Housing Corporation Common Stock Corporation (LEGH.O) Earnings Conference Call
Positive
Interest Income Growth: Consumer MHP and dealer loans interest income increased $1.5 million or 17.3% during the three months ended September 30, 2024, as compared to the same period in 2023 due to growth in our loan portfolios.
Loan Portfolio Growth: Between September 30, 2024 and September 30, 2023, our MHP loan portfolio increased by $22.0 million, and our consumer loan portfolio increased by $15.6 million.
Book Value Increase: Legacy's book value per basic share outstanding was $19.84, an increase of 12.7% from the same period in 2023.
October Sales Increase: Product sales for October 2024 were up 27% over September of 2024.
Record Customer Engagement: We hosted a record number of customers and wrote orders that extended the backlog into the first quarter of 2025.
Negative
Decline in Product Sales: Product sales decreased $6.8 million or 18.3% during the three months ended September 30, 2024, as compared to the same period in 2023.
Sales Volume Decline: The decrease was driven by a decrease in unit volume shipped primarily in direct sales, mobile home parks sales and inventory finance sales categories.
Decrease in Cost of Goods: The cost of products sold decreased $3.5 million or 13.9% during the three months ended September 30, 2024, as compared to the same period in 2023.
Net Income Decline: Net income decreased 1.8% to $15.8 million in the third quarter of 2024 compared to the third quarter of 2023.
Earnings Per Share Decline: Basic earnings per share decreased $0.01 per share or 1.5% in the third quarter of 2024 compared to the third quarter of 2023.
LEGH FAQs
How does LEGH typically perform around its earnings report dates?
Is Legacy Housing Corporation (LEGH) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
LEGH Earning Call Sentiment
Legacy Housing Corporation (LEGH) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
LEGH.O
0%Positive
The earnings call reveals mixed signals: while there's optimism around production ramp-up and successful events like the fall show, challenges persist such as decreased product sales, lower gross margins, and high interest rates impacting business. The Q&A session indicates steady orders and potential margin improvements, but lacks clarity on timelines. Share repurchase absence and no new partnerships limit positive catalysts. Given these mixed factors, a neutral stock price movement is expected over the next two weeks.
