Green Brick Partners (NYSE:GRBK) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$523.7m (up 25% from 3Q 2023).

• Net income: US$89.1m (up 25% from 3Q 2023).

• Profit margin: 17% (in line with 3Q 2023).

• EPS: US$2.00 (up from US$1.58 in 3Q 2023).

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

Green Brick Partners Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) also missed analyst estimates by 4.5%.

Looking ahead, revenue is forecast to grow 8.3% 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 7.9% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Green Brick Partners (1 makes us a bit uncomfortable!) that you need to take into consideration.

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