WULF - Legacy Housing Tops Q1 Earnings and Revenue Estimates | Benzinga
Legacy Housing (NASDAQ: LEGH) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.65 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 66.67%. A quarter ago, it was expected that this mobile home manufacturing company would post earnings of $0.77 per share when it actually produced earnings of $0.28, delivering a surprise of -63.64%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Legacy Housing, which belongs to the Zacks Real Estate - Operations industry, posted revenues of $43.24 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 13.59%. This compares to year-ago revenues of $52.86 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Legacy Housing ...