We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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.
Beazer Homes (BZH) Updates Q4 Views, Weather Woes Continue
Read MoreHide Full Article
Atlanta-based homebuilder Beazer Homes USA, Inc. (BZH - Free Report) gave its views on fourth-quarter fiscal 2017 results after taking into consideration the impact of recent hurricanes, Harvey and Irma. Shares of Beazer Homes fell 1.1% on Sep 13, finally closing the session at $15.02.
The company, which generates most of its revenues as well as earnings from its core business of single family home construction, continues to expect an improvement in adjusted EBITDA in the quarter from the prior year.
However, Beazer Homes expects new home sales and closings to be lower in the quarter ending Sep 30 on a year-over-year basis due to the storm-related impacts. That said, the company anticipates the impact to be temporary and remains confident about the substantial productivity gains in fiscal 2018.
Q3 Recall
The homebuilder reported stellar third-quarter fiscal 2017 results with both earnings and revenues beating the Zacks Consensus Estimate by 35.3% and 1.8%, respectively. The company generated 4.1% year-over-year revenue growth and a significant increase in profitability, driven by higher gross margins (up 60 basis points) and better overhead leverage.
Sales per community per month were 3.4 in the quarter, depicting 14.2% year over year increase. Homebuilding revenues were up 4.7% banking on a 1.7% increase in home closings and a 3.0% increase in average selling price. Adjusted EBITDA increased 16% and earnings per share grew 22% year over year.
Share Price Performance & Estimate Revisions
Shares of the company increased 16.6% compared with the Zacks Home Builders Industry’s 4.1% gain in the last three months. Earnings estimates for Beazer Homes have exhibited an uptrend, reflecting optimism in the stock’s prospects. The Zacks Consensus Estimate for earnings in the current-quarter and year has moved up 1.8% and 7.6%, respectively, over the last 60 days. Also, estimates for fiscal 2018 have climbed 6% over the same time frame.
NVR’s earnings are expected to grow 33.9% in 2017, while that of M/I Homes by 37.1%.
Meritage Homes surpassed earnings estimates in each of the trailing four quarters, the average beat being 17.2%.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure.
Image: Bigstock
Beazer Homes (BZH) Updates Q4 Views, Weather Woes Continue
Atlanta-based homebuilder Beazer Homes USA, Inc. (BZH - Free Report) gave its views on fourth-quarter fiscal 2017 results after taking into consideration the impact of recent hurricanes, Harvey and Irma. Shares of Beazer Homes fell 1.1% on Sep 13, finally closing the session at $15.02.
The company, which generates most of its revenues as well as earnings from its core business of single family home construction, continues to expect an improvement in adjusted EBITDA in the quarter from the prior year.
However, Beazer Homes expects new home sales and closings to be lower in the quarter ending Sep 30 on a year-over-year basis due to the storm-related impacts. That said, the company anticipates the impact to be temporary and remains confident about the substantial productivity gains in fiscal 2018.
Q3 Recall
The homebuilder reported stellar third-quarter fiscal 2017 results with both earnings and revenues beating the Zacks Consensus Estimate by 35.3% and 1.8%, respectively. The company generated 4.1% year-over-year revenue growth and a significant increase in profitability, driven by higher gross margins (up 60 basis points) and better overhead leverage.
Sales per community per month were 3.4 in the quarter, depicting 14.2% year over year increase. Homebuilding revenues were up 4.7% banking on a 1.7% increase in home closings and a 3.0% increase in average selling price. Adjusted EBITDA increased 16% and earnings per share grew 22% year over year.
Share Price Performance & Estimate Revisions
Shares of the company increased 16.6% compared with the Zacks Home Builders Industry’s 4.1% gain in the last three months. Earnings estimates for Beazer Homes have exhibited an uptrend, reflecting optimism in the stock’s prospects. The Zacks Consensus Estimate for earnings in the current-quarter and year has moved up 1.8% and 7.6%, respectively, over the last 60 days. Also, estimates for fiscal 2018 have climbed 6% over the same time frame.
Zacks Rank & Key Picks
Beazer Homes holds a Zacks Rank #2 (Buy). Other top-ranked stocks in the industry are NVR, Inc. (NVR - Free Report) , M/I Homes, Inc. (MHO - Free Report) and Meritage Homes Corporation (MTH - Free Report) . While NVR sports a Zacks Rank #1 (Strong Buy), M/I Homes and Meritage Homes carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
NVR’s earnings are expected to grow 33.9% in 2017, while that of M/I Homes by 37.1%.
Meritage Homes surpassed earnings estimates in each of the trailing four quarters, the average beat being 17.2%.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure.
See these buy recommendations now >>