Landsea Homes (NASDAQ:LSEA) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$431.1m (up 47% from 2Q 2023).

• Net income: US$2.89m (down 42% from 2Q 2023).

• Profit margin: 0.7% (down from 1.7% in 2Q 2023).

• EPS: US$0.08 (down from US$0.12 in 2Q 2023).

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

Landsea Homes Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 24%. Earnings per share (EPS) missed analyst estimates by 19%.

Looking ahead, revenue is forecast to grow 8.1% p.a. on average during the next 2 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 3.8% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 4 warning signs for Landsea Homes (1 makes us a bit uncomfortable!) that you need to be mindful of.

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