For the quarter ended March 2024, Green Brick Partners (GRBK) reported revenue of $447.34 million, down 1% over the same period last year. EPS came in at $1.82, compared to $1.37 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $444.18 million, representing a surprise of +0.71%. The company delivered an EPS surprise of +21.33%, with the consensus EPS estimate being $1.50.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Green Brick Partners performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
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Active selling communities at end of period: 98 versus 93 estimated by two analysts on average.
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New homes delivered: 821 versus the two-analyst average estimate of 801.
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Backlog units: 1,020 versus 1,110 estimated by two analysts on average.
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Revenues- Land and lots revenue: $4.05 million versus the two-analyst average estimate of $3.50 million. The reported number represents a year-over-year change of +138.6%.
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Revenues- Residential units revenue: $443.28 million versus $440.68 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -1.6% change.
View all Key Company Metrics for Green Brick Partners here>>>
Shares of Green Brick Partners have returned -7.8% over the past month versus the Zacks S&P 500 composite's -4.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Green Brick Partners, Inc. (GRBK) : Free Stock Analysis Report