M.D.C. Holdings, Inc. (MDC) Tops Q1 EPS by 11c

M.D.C. Holdings, Inc. (NYSE: MDC) reported Q1 EPS of $2.02, $0.11 better than the analyst estimate of $1.91. Revenue for the quarter came in at $1.24 billion versus the consensus estimate of $1.21 billion. Unit deliveries up 3% to 2,233. Average selling price of deliveries up 16% to $556,000.

GUIDANCE:

• Projected home deliveries for the 2022 second quarter between 2,400 and 2,600
• Projected average selling price for 2022 second quarter unit deliveries between $560,000 and $570,000
• Projected full year 2022 home deliveries between 10,500 and 11,000

For earnings history and earnings-related data on M.D.C. Holdings, Inc. (MDC) click here.

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