Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Landsea Homes (LSEA)
NASDAQ:LSEA
Holding LSEA?
Track your performance easily
Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.38Last Year’s EPS
$0.33Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: -14.80%
|Next Earnings Date:Mar 06, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a generally positive outlook with strong financial performance, increased market presence, and operational improvements. However, there were notable challenges from economic pressures, competitive incentives, and margin pressures expected in the fourth quarter. The sentiment reflects optimism with caution due to the external competitive environment.Company Guidance
During the third quarter of 2024, Landsea Homes reported a significant financial performance, including a 29% increase in net income to $11.1 million and a 36% rise in earnings per share to $0.30. Home sales revenue grew by 26% year-over-year, driven by a 40% increase in deliveries, while net new orders increased by 29%, reflecting a sales pace of 2.5 homes per community per month. The company achieved a home sales gross margin of 17.1%, surpassing its guidance, and a substantial 250 basis point improvement in its SG&A ratio to 13.9% of revenue. Landsea Homes also made progress in reducing its leverage, achieving a 100 basis point reduction in its debt-to-capital ratio, moving closer to its target of mid-40% by the first quarter of 2025. Looking forward, the company anticipates delivering between 2,890 and 3,000 units for the full year, with average sales prices ranging from $520,000 to $535,000, and expects continued benefits from its scale and operational efficiencies.Significant Increase in Net Income and Earnings Per Share
Landsea Homes reported a 29% increase in net income to $11.1 million and a 36% increase in earnings per share to $0.30 in the third quarter.
Strong Growth in Home Sales Revenue and Deliveries
Home sales revenue rose 26% year-over-year on a 40% increase in deliveries, with net new orders growing 29%.
Notable Improvement in SG&A Ratio
SG&A as a percent of revenue decreased by 250 basis points year-over-year to 13.9%.
Expansion and Market Presence
Landsea Homes increased its selling communities by 40% from the previous year, with significant growth in Texas and other key markets.
Cycle Time Reduction
Construction cycle times for single-family homes were reduced by 13.4%, or 25 calendar days, from the last quarter.
Improved Financial Position
The company reduced its leverage by 100 basis points sequentially to 51.8% debt to total capital.
---
LSEA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
LSEA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $10.34 | $11.74 | +13.54% |
| Aug 01, 2024 | $12.18 | $12.59 | +3.37% |
| May 01, 2024 | $11.55 | $10.15 | -12.12% |
| Feb 29, 2024 | $11.85 | $13.62 | +14.94% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Landsea Homes (LSEA) report earnings?
Landsea Homes (LSEA) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is Landsea Homes (LSEA) earnings time?
Landsea Homes (LSEA) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LSEA EPS forecast?
LSEA EPS forecast for the fiscal quarter 2024 (Q4) is $0.38.
---