In its upcoming report, Beazer Homes (BZH) is predicted by Wall Street analysts to post quarterly loss of -$0.34 per share, reflecting a decline of 230.8% compared to the same period last year. Revenues are forecasted to be $510.43 million, representing a year-over-year decrease of 6.4%.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain Beazer metrics that are commonly tracked and forecasted by Wall Street analysts.
The average prediction of analysts places 'Total home closings' at 898 . Compared to the present estimate, the company reported 1,035 in the same quarter last year.
The consensus estimate for 'ASP from closing' stands at $535.27 . The estimate compares to the year-ago value of $517.30 .
Analysts forecast 'Average active community count' to reach 170 . The estimate compares to the year-ago value of 167 .
It is projected by analysts that the 'Backlog units' will reach 1,467 . Compared to the current estimate, the company reported 1,352 in the same quarter of the previous year.
Analysts' assessment points toward 'New orders, net of cancellations' reaching 1,068 . The estimate compares to the year-ago value of 861 .
Over the past month, shares of Beazer have returned +9.9% versus the Zacks S&P 500 composite's +3.3% change. Currently, BZH 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 >>>> .
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