We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Green Brick Partners (GRBK) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
Read MoreHide Full Article
The upcoming report from Green Brick Partners (GRBK - Free Report) is expected to reveal quarterly earnings of $2.08 per share, indicating an increase of 33.3% compared to the year-ago period. Analysts forecast revenues of $540.01 million, representing an increase of 28.9% year over year.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Green Brick Partners metrics that are commonly tracked and projected by analysts on Wall Street.
The average prediction of analysts places 'Revenues- Land and lots revenue' at $3.50 million. The estimate indicates a change of +14.6% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Revenues- Residential units revenue' of $536.51 million. The estimate indicates a year-over-year change of +29%.
The combined assessment of analysts suggests that 'Net New Home orders' will likely reach 853. Compared to the current estimate, the company reported 788 in the same quarter of the previous year.
It is projected by analysts that the 'New homes delivered' will reach 900. The estimate compares to the year-ago value of 754.
Analysts forecast 'Backlog units' to reach 777. Compared to the current estimate, the company reported 916 in the same quarter of the previous year.
The consensus estimate for 'Active selling communities at end of period' stands at 105. Compared to the present estimate, the company reported 86 in the same quarter last year.
Over the past month, shares of Green Brick Partners have returned -8.3% versus the Zacks S&P 500 composite's +1.7% change. Currently, GRBK carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Green Brick Partners (GRBK) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
The upcoming report from Green Brick Partners (GRBK - Free Report) is expected to reveal quarterly earnings of $2.08 per share, indicating an increase of 33.3% compared to the year-ago period. Analysts forecast revenues of $540.01 million, representing an increase of 28.9% year over year.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Green Brick Partners metrics that are commonly tracked and projected by analysts on Wall Street.
The average prediction of analysts places 'Revenues- Land and lots revenue' at $3.50 million. The estimate indicates a change of +14.6% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Revenues- Residential units revenue' of $536.51 million. The estimate indicates a year-over-year change of +29%.
The combined assessment of analysts suggests that 'Net New Home orders' will likely reach 853. Compared to the current estimate, the company reported 788 in the same quarter of the previous year.
It is projected by analysts that the 'New homes delivered' will reach 900. The estimate compares to the year-ago value of 754.
Analysts forecast 'Backlog units' to reach 777. Compared to the current estimate, the company reported 916 in the same quarter of the previous year.
The consensus estimate for 'Active selling communities at end of period' stands at 105. Compared to the present estimate, the company reported 86 in the same quarter last year.
View all Key Company Metrics for Green Brick Partners here>>>
Over the past month, shares of Green Brick Partners have returned -8.3% versus the Zacks S&P 500 composite's +1.7% change. Currently, GRBK carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>