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Legacy Housing Q3 revenue rises on strong home sales

By Reuters News


Overview

  • US manufactured home builder's Q3 revenue rose 72% yr/yr on strong home sales

  • Net income and EPS grew from a year earlier


Outlook

  • Company expects to open Bastrop community for lot and home sales in 2027

  • Legacy says it is investing in plants and people to increase capacity


Result Drivers

  • HOME SALES VOLUME - Co said strong home sales led the quarter, with 635 homes sold versus 420 a year earlier

  • HERITAGE STORE SALES - Heritage stores grew sales as they prepared for new 2027 models


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$69.70 mln

$56.81 mln (2 Analysts)

Q3 Net Income

$20.10 mln

Q3 Basic EPS

$0.85

Q3 Operating Income

$23.40 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the homebuilding peer group is "hold."

  • Wall Street's median 12-month price target for Legacy Housing Corp (Texas) is $29.00, about 5.1% below its November 3 closing price of $30.57

  • The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 12 three months ago


Reuters Recommended Reads

  • Nov 3 - Champion Homes Q2 sales slightly beat estimates

  • Nov 3 - LGI Homes Q3 adjusted EPS beats on higher closings, cost controls

  • Nov 4 - Smith Douglas Homes Q3 profit drops as revenue stays flat in challenging market


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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