M.D.C. Holdings, Inc. closed the latest trading day at $62.91, indicating a -0.02% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily loss of 1.23%. Meanwhile, the Dow lost 1.36%, and the Nasdaq, a tech-heavy index, lost 1.4%.
Shares of the company have appreciated by 0.35% over the course of the past month, underperforming the Construction sector's gain of 3.17% and the S&P 500's gain of 1.61%.
Market participants will be closely following the financial results of M.D.C. Holdings, Inc. in its upcoming release. The company's upcoming EPS is projected at $1.20, signifying a 11.11% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $1.18 billion, up 12.14% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.70 per share and a revenue of $5.04 billion, signifying shifts of +7.75% and +8.64%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for M.D.C. Holdings, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 6.05% increase. M.D.C. Holdings, Inc. is holding a Zacks Rank of #2 (Buy) right now.
In terms of valuation, M.D.C. Holdings, Inc. is presently being traded at a Forward P/E ratio of 11.04. This expresses a premium compared to the average Forward P/E of 9.81 of its industry.
The Building Products - Home Builders industry is part of the Construction sector. This group has a Zacks Industry Rank of 41, putting it in the top 17% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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M.D.C. Holdings, Inc. (MDC) Stock Moves -0.02%: What You Should Know
M.D.C. Holdings, Inc. closed the latest trading day at $62.91, indicating a -0.02% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily loss of 1.23%. Meanwhile, the Dow lost 1.36%, and the Nasdaq, a tech-heavy index, lost 1.4%.
Shares of the company have appreciated by 0.35% over the course of the past month, underperforming the Construction sector's gain of 3.17% and the S&P 500's gain of 1.61%.
Market participants will be closely following the financial results of M.D.C. Holdings, Inc. in its upcoming release. The company's upcoming EPS is projected at $1.20, signifying a 11.11% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $1.18 billion, up 12.14% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.70 per share and a revenue of $5.04 billion, signifying shifts of +7.75% and +8.64%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for M.D.C. Holdings, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 6.05% increase. M.D.C. Holdings, Inc. is holding a Zacks Rank of #2 (Buy) right now.
In terms of valuation, M.D.C. Holdings, Inc. is presently being traded at a Forward P/E ratio of 11.04. This expresses a premium compared to the average Forward P/E of 9.81 of its industry.
The Building Products - Home Builders industry is part of the Construction sector. This group has a Zacks Industry Rank of 41, putting it in the top 17% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.