M.D.C. Holdings, Inc. (MDC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended September 2023, M.D.C. Holdings, Inc. (MDC) reported revenue of $1.11 billion, down 23% over the same period last year. EPS came in at $1.40, compared to $1.98 in the year-ago quarter.
The reported revenue represents a surprise of -0.99% over the Zacks Consensus Estimate of $1.12 billion. With the consensus EPS estimate being $1.18, the EPS surprise was +18.64%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how M.D.C. Holdings, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net New Orders - Homes: 1,695 versus 1,815 estimated by four analysts on average.
New Home Deliveries - Homes: 1,968 versus 1,973 estimated by three analysts on average.
Active subdivision - Total: 235 versus the three-analyst average estimate of 235.
Average Price - Backlog: $597.70 versus the three-analyst average estimate of $580.14.
Average Price - New Home Deliveries: $552.40 versus the three-analyst average estimate of $555.23.
Backlog (units) - Total: 2,775 versus 2,854 estimated by three analysts on average.
Backlog estimated Dollar value: $1.66 billion versus $1.69 billion estimated by two analysts on average.
Revenue- Home sale revenues: $1.09 billion versus the four-analyst average estimate of $1.09 billion. The reported number represents a year-over-year change of -22.8%.
Revenue- Financial services: $23.77 million versus the four-analyst average estimate of $28.62 million. The reported number represents a year-over-year change of -30.3%.
Income before income taxes- Financial Services: $12.42 million versus the two-analyst average estimate of $14.94 million.
Income before income taxes- Homebuilding: $127.38 million versus $101.91 million estimated by two analysts on average.
View all Key Company Metrics for M.D.C. Holdings, Inc. here>>>
Shares of M.D.C. Holdings, Inc. have returned -10% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
M.D.C. Holdings, Inc. (MDC) : Free Stock Analysis Report
