Landsea Homes Corporation (LSEA) Misses Q1 EPS by 1c, provides outlook

Landsea Homes Corporation (NASDAQ: LSEA) reported Q1 EPS of $0.06, $0.01 worse than the analyst estimate of $0.07. Revenue for the quarter came in at $294 million versus the consensus estimate of $279.87 million.

Second Quarter 2024 Outlook

New home deliveries anticipated to be in the range of 600 to 650
Delivery ASPs expected to be in the range of $525,000 to $530,000
Home sales gross margin to be between 15% and 16%

Full Year 2024 Outlook

New home deliveries anticipated to be in the range of 2,500 to 2,900
Delivery ASPs expected to be in the range of $500,000 to $525,000
Home sales gross margin to be between 17% and 18%

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

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