LSEA Earnings Prediction
The chart below shows how LSEA performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LSEA sees a -1.00% change in stock price 10 days leading up to the earnings, and a +2.16% change 10 days following the report. On the earnings day itself, the stock moves by +3.26%. This data can give you a slight idea of what to expect for the next quarter's release.
LSEA Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
338.47M
22.04%
-21.49%
Gross Margin
17.38%
-11.19%
16.72%
Operating Margin
4.40%
-2.22%
5.52%
Net Margin
3.37%
-1.46%
349.33%
EPS
0.30
36.36%
275.00%
No Data Available
LSEA Earnings Analysis
Landsea Homes Corporation Common Stock Corporation (LSEA.O) Earnings Conference Call
Positive
Net Income and EPS Growth: Landssea Homes reported a 29% increase in net income to $11.1 million, and a 36% increase in earnings per share to $0.30 in the third quarter.
Home Sales Performance Increase: Home sales revenue rose 26% year-over-year on a 40% increase in deliveries while net new orders grew 29% on the sales pace, averaging 2.5 homes per community per month.
Home Sales Margin Improvement: Home sales gross margin came in at 17.1%, well in excess of our guidance and SG&A as a percentage of revenue grew to 13.9%, representing a 250-basis point reduction for last year.
Community Expansion Growth: We ended the quarter with 83 selling communities, up 40% from the third quarter last year, and Texas added 21 communities to our account this quarter compared to third quarter last year.
Adjusted Net Income Impact: Our fully adjusted net income included $5.6 million of purchase price accounting booked in the quarter.
Negative
Net Income Increase: Landssea Homes reported a net income of $11.1 million or $0.30 per share for the third quarter compared to $8.6 million or $0.22 per share in the third quarter of '23.
Adjusted Net Income Impact: Our fully adjusted net income includes $5.6 million of purchase price accounting booked in the quarter.
Delivery and Revenue Increase: We had 629 deliveries, which was 40% higher than the third quarter of '23 and - - and home sales revenue increased 26% to $325.6 million.
SG&A Expense Ratio: Our SG&A expense was 13.9% of home sales revenue this quarter.
Quarterly Liquidity Overview: We ended the quarter with $263 million in liquidity, $36 million in cash and cash equivalents and $227 million in availability under our revolver.
LSEA FAQs
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LSEA Earning Call Sentiment
Landsea Homes Corp. (LSEA) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
LSEA.O
-3.28%Positive
The earnings call summary shows strong financial performance with significant revenue, net income, and EPS growth. Although there are concerns about mortgage rate volatility and competitive pressures, the company has managed to improve margins and reduce debt ratios. The Q&A reveals optimism about market share growth and operational efficiencies, despite some margin pressure from incentives. The absence of a share repurchase program is a minor negative. Overall, the positive financial results and strategic initiatives suggest a likely stock price increase.
