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Harbor Custom Development (NASDAQ:HCDI) Third Quarter 2022 Results
Key Financial Results
- Revenue: US$11.7m (down 35% from 3Q 2021).
- Net loss: US$5.32m (down by 273% from US$3.08m profit in 3Q 2021).
- US$0.37 loss per share (down from US$0.21 profit in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Harbor Custom Development Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 30%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 1.5% decline forecast for the Consumer Durables industry in the US.
Performance of the American Consumer Durables industry.
The company’s shares are down 28% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we’ve spotted 2 warning signs for Harbor Custom Development you should be aware of.
Valuation is complex, but we’re helping make it simple.
Find out whether Harbor Custom Development is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
View the Free Analysis
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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