Consumer Durables News

Legacy Housing Third Quarter 2022 Earnings: Misses Expectations

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Legacy Housing (NASDAQ:LEGH) Third Quarter 2022 Results

Key Financial Results

  • Revenue: US$57.3m (up 1.5% from 3Q 2021).
  • Net income: US$14.7m (flat on 3Q 2021).
  • Profit margin: 26% (in line with 3Q 2021).
  • EPS: US$0.60.
earnings-and-revenue-growth
NasdaqGS:LEGH Earnings and Revenue Growth November 10th 2022

All figures shown in the chart above are for the trailing 12 month (TTM) period

Legacy Housing Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) also missed analyst estimates by 3.9%.

Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 2 years, compared to a 1.2% decline forecast for the Consumer Durables industry in the US.

Performance of the American Consumer Durables industry.

The company’s shares are down 2.5% from a week ago.

Risk Analysis

Before we wrap up, we’ve discovered 1 warning sign for Legacy Housing that you should be aware of.

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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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