Beazer Homes USA: Q1 Earnings Insights

Shares of Beazer Homes USA BZH moved lower in after-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were up 344.44% year over year to $0.40, which beat the estimate of $0.29.

Revenue of $428,539,000 rose by 2.57% year over year, which beat the estimate of $421,300,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Jan 28, 2021

Time: 05:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/5888f8rn

Price Action

Company's 52-week high was at $20.50

Company's 52-week low was at $4.39

Price action over last quarter: Up 30.53%

Company Overview

Beazer Homes USA Inc is an American construction company that focuses on residential construction. The company specializes in single-family housing and multi-unit building construction in over 13 states and over 22 metro markets. Beazer Homes builds homes and communities that target first-time, move-up, and luxury homebuyers with an average selling price of roughly $300,000. From a geographic perspective, home sales in the western and eastern United States have been the leading sources of revenue for the company. Key metro areas include Atlanta, Las Vegas, Los Angeles, Orlando, and Tampa. The company also focuses on land purchasing and development to support future construction efforts as well as mortgage services for its homebuyers.