In the latest trading session, M.D.C. Holdings, Inc. closed at $48.75, marking a -0.08% move from the previous day. This change lagged the S&P 500's 0.39% gain on the day.
Heading into today, shares of the company had gained 8.52% over the past month, lagging the Construction sector's gain of 9.04% and outpacing the S&P 500's gain of 3.16% in that time.
Wall Street will be looking for positivity from M.D.C. Holdings, Inc. as it approaches its next earnings report date. This is expected to be July 27, 2023. In that report, analysts expect M.D.C. Holdings, Inc. to post earnings of $0.69 per share. This would mark a year-over-year decline of 73.36%. Meanwhile, our latest consensus estimate is calling for revenue of $934.68 million, down 37.15% from the prior-year quarter.
MDC's full-year Zacks Consensus Estimates are calling for earnings of $3.59 per share and revenue of $4.05 billion. These results would represent year-over-year changes of -53.19% and -29.2%, respectively.
Investors might also notice recent changes to analyst estimates for M.D.C. Holdings, Inc.These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.24% higher. M.D.C. Holdings, Inc. currently has a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that M.D.C. Holdings, Inc. has a Forward P/E ratio of 13.58 right now. This valuation marks a premium compared to its industry's average Forward P/E of 10.54.
The Building Products - Home Builders industry is part of the Construction sector. This group has a Zacks Industry Rank of 19, putting it in the top 8% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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M.D.C. Holdings, Inc. (MDC) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, M.D.C. Holdings, Inc. closed at $48.75, marking a -0.08% move from the previous day. This change lagged the S&P 500's 0.39% gain on the day.
Heading into today, shares of the company had gained 8.52% over the past month, lagging the Construction sector's gain of 9.04% and outpacing the S&P 500's gain of 3.16% in that time.
Wall Street will be looking for positivity from M.D.C. Holdings, Inc. as it approaches its next earnings report date. This is expected to be July 27, 2023. In that report, analysts expect M.D.C. Holdings, Inc. to post earnings of $0.69 per share. This would mark a year-over-year decline of 73.36%. Meanwhile, our latest consensus estimate is calling for revenue of $934.68 million, down 37.15% from the prior-year quarter.
MDC's full-year Zacks Consensus Estimates are calling for earnings of $3.59 per share and revenue of $4.05 billion. These results would represent year-over-year changes of -53.19% and -29.2%, respectively.
Investors might also notice recent changes to analyst estimates for M.D.C. Holdings, Inc.These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.24% higher. M.D.C. Holdings, Inc. currently has a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that M.D.C. Holdings, Inc. has a Forward P/E ratio of 13.58 right now. This valuation marks a premium compared to its industry's average Forward P/E of 10.54.
The Building Products - Home Builders industry is part of the Construction sector. This group has a Zacks Industry Rank of 19, putting it in the top 8% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.