Beazer Homes (BZH) Exceeds Market Returns: Some Facts to Consider
The latest trading session saw Beazer Homes (BZH) ending at $23.20, denoting a +0.87% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a gain of 0.73% for the day. Meanwhile, the Dow gained 0.62%, and the Nasdaq, a tech-heavy index, added 0.93%.
Heading into today, shares of the homebuilder had lost 7.89% over the past month, lagging the Construction sector's loss of 5.55% and the S&P 500's loss of 2.29% in that time.
The investment community will be paying close attention to the earnings performance of Beazer Homes in its upcoming release. The company is expected to report EPS of $1.39, down 50.71% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $627.94 million, indicating a 24.13% decrease compared to the same quarter of the previous year.
Investors might also notice recent changes to analyst estimates for Beazer Homes. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. As of now, Beazer Homes holds a Zacks Rank of #3 (Hold).
Looking at its valuation, Beazer Homes is holding a Forward P/E ratio of 4.41. This denotes a discount relative to the industry's average Forward P/E of 6.79.
The Building Products - Home Builders industry is part of the Construction sector. With its current Zacks Industry Rank of 54, this industry ranks in the top 22% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Beazer Homes USA, Inc. (BZH) : Free Stock Analysis Report
