Landsea Homes Corporation (LSEA) Tops Q2 EPS by 26c, provides outlook

Landsea Homes Corporation (NASDAQ: LSEA) reported Q2 EPS of $0.36, $0.26 better than the analyst estimate of $0.10. Revenue for the quarter came in at $418.2 million versus the consensus estimate of $337.5 million.

Third Quarter 2024 Outlook

New home deliveries anticipated to be in the range of 625 to 700
Delivery ASPs expected to be in the range of $495,000 to $510,000
Adjusted home sales gross margin to be between 20% and 21%
Home sales gross margin to be approximately 15%

Fourth Quarter 2024 Outlook

New home deliveries anticipated to be in the range of 1,000 to 1,100
Delivery ASPs expected to be in the range of $495,000 to $510,000
Adjusted home sales gross margin to be between 23% and 24%
Home sales gross margin to be between 18% and 19%

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

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