Legacy Housing Corp reports results for the quarter ended June 30 - Earnings Summary

• Legacy Housing Corp LEGH.OQ reported quarterly adjusted earnings of 60 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 65 cents. The mean expectation of four analysts for the quarter was for earnings of 54 cents per share. Wall Street expected results to range from 51 cents to 55 cents per share.

• Revenue rose 18% to $50.16 million from a year ago; analysts expected $43.98 million.

• Legacy Housing Corp's reported EPS for the quarter was 60 cents​.

• The company reported quarterly net income of $14.7 million.

• Legacy Housing Corp shares had risen by 4.1% this quarter and lost 4.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 12.9% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the homebuilding peer group is also "buy"

• Wall Street's median 12-month price target for Legacy Housing Corp is $30.00, about 21.4% above its last closing price of $23.59

This summary was machine generated from LSEG data August 8 at 06:37 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)