The New Home Company (NWHM) Misses Q2 EPS by 8c

The New Home Company (NYSE: NWHM) reported Q2 EPS of ($0.06), $0.08 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $22.5 million versus the consensus estimate of $17.91 million.

• New home deliveries of 87 (including 74 from fee building projects), compared to 84 deliveries (including 62 from fee building projects)
• Homebuilding gross margin of 17.6%, an increase of 60 basis points
• Average sales price of homes delivered increased to $739,000 or 90%
• Average sales price of homes in backlog increased to $1,583,000 or 211%
  • Fee building revenue was $12.9 million, an improvement of 22%

For earnings history and earnings-related data on The New Home Company (NWHM) click here.

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