Beazer Homes USA Inc. recently reported a decline in earnings for the first quarter, compared to the same period last year. The results also fell short of Wall Street's expectations.
The company's net income stood at $21.7 million, or $0.70 per share, a reduction compared to the $24.4 million, or $0.80 per share, reported in the first quarter of the previous year.
On average, analysts had predicted the company's earnings to be $0.71 per share, as per the data collected by Thomson Reuters. Generally, these estimates do not factor in unique or extraordinary items.
Additionally, the company's revenue for the quarter witnessed a decrease of 13.1%, tumbling to $386.8 million from the $444.9 million reported during the same period last year.
In summary, Beazer Homes USA Inc.'s key earnings figures (based on Generally Accepted Accounting Principles) are as follows:
- Earnings for Q1 were $21.7 million, compared to last year's $24.4 million.
- Earnings Per Share (EPS) for Q1 were $0.70, down from $0.80 last year.
- Analysts' average estimate was $0.71 per share.
- The revenue for Q1 was $386.8 million, down from $444.9 million last year.
