Landsea Homes Corporation (LSEA) Tops Q4 EPS by 17c, offers outlook

Landsea Homes Corporation (NASDAQ: LSEA) reported Q4 EPS of $0.43, $0.17 better than the analyst estimate of $0.26. Revenue for the quarter came in at $379.7 million versus the consensus estimate of $325.69 million.

2024 Outlook

First quarter 2024

New home deliveries anticipated to be in a range of 480 to 500
Delivery ASPs expected to be in a range of $560,000 to $575,000
Home sales gross margins between 15% and 16% on a GAAP basis and between 20% and 21% on an adjusted basis

Full Year 2024

New home deliveries anticipated to be in a range of 2,500 to 2,900
Delivery ASPs expected to be in a range of $500,000 to $525,000
Home sales gross margins between 17% and 18% on a GAAP basis and between 21% and 23% on an adjusted basis

For earnings history and earnings-related data on Landsea Homes Corporation (LSEA) click here.

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