UHG Earnings Prediction
The chart below shows how UHG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, UHG sees a +0.36% change in stock price 10 days leading up to the earnings, and a -9.20% change 10 days following the report. On the earnings day itself, the stock moves by -3.92%. This data can give you a slight idea of what to expect for the next quarter's release.
UHG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
118.64M
35.24%
8.43%
Gross Margin
18.87%
-4.94%
5.48%
Operating Margin
3.69%
-29.85%
71.63%
Net Margin
-6.19%
-103.60%
-123.65%
EPS
-0.15
-106.44%
-133.33%
No Data Available
UHG Earnings Analysis
United Homes Group, Inc Class A Common Stock Corporation (UHG.O) Earnings Conference Call
Positive
Significant Revenue Increase: 1. Revenue Growth: United Homes Group reported a revenue of $118.6 million in Q3 2024, a 35% increase compared to $87.7 million in Q3 2023.
Home Delivery Surge: 2. Increased Home Deliveries: The company achieved a 30% increase in new home deliveries, with 369 homes closed in Q3 2024 compared to 283 homes in Q3 2023.
Net New Orders Increase: 3. Net New Orders Growth: Net new orders rose to 341 homes in Q3 2024, a 25% increase from 272 homes in Q3 2023.
Solid Future Pipeline: 4. Strong Backlog: The backlog at the end of Q3 2024 consisted of 220 homes valued at approximately $79.9 million, indicating a solid pipeline for future revenue.
Active Communities Increase: 5. Active Communities Expansion: The number of active communities increased to 55 in Q3 2024, up from 53 in Q3 2023, reflecting growth in market presence.
Negative
Net Loss Decline: 1. Net Loss: United Homes Group reported a net loss of $7.3 million for Q3 2024, a significant decline compared to the previous year.
Gross Profit Margin Decline: 2. Decreased Gross Profit Margin: The gross profit margin for Q3 2024 decreased to 18.9%, down from 19.8% in Q3 2023, primarily due to increased sales incentives.
Gross Profit Margin Decline: 3. Declining Adjusted Gross Profit Margin: The adjusted gross profit margin fell to 20.6% in Q3 2024 from 22.1% in Q3 2023, reflecting the impact of ongoing sales incentives.
High SG&A Cost Structure: 4. High SG&A Expenses: SG&A expenses for Q3 2024 were $18.7 million, representing 13.9% of revenues, indicating a high cost structure relative to sales.
Liquidity Concerns: 5. Cash Position: The company had only $25.8 million in cash as of September 30, 2024, raising concerns about liquidity in a challenging market environment.
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UHG Earning Call Sentiment
United Homes Group, Inc. (UHG) Q3 2024 Earnings Call Transcript
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UHG.O
1.35%Positive
The earnings call revealed strong financial performance with a 35% increase in revenue and a 30% rise in new home deliveries, despite a net loss. The strategic focus on affordable housing and operational efficiencies, along with market expansion, suggests a positive outlook. Although gross margins declined slightly, the overall growth and market fundamentals in the Southeast are promising. The lack of shareholder return announcements is a minor negative, but the positive financial and strategic indicators outweigh it, suggesting a likely positive stock price movement in the short term.
