MDC Holdings (NYSE: MDC ) reported earnings on July 31. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), MDC Holdings missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share expanded.
Gross margins shrank, operating margins improved, net margins improved.
MDC Holdings chalked up revenue of $268.9 million. The seven analysts polled by S&P Capital IQ predicted a top line of $274.6 million on the same basis. GAAP reported sales were 25% higher than the prior-year quarter's $215.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.22. The seven earnings estimates compiled by S&P Capital IQ predicted $0.10 per share. GAAP EPS were $0.22 for Q2 compared to -$0.60 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 16.0%, 20 basis points worse than the prior-year quarter. Operating margin was 1.4%, 1,070 basis points better than the prior-year quarter. Net margin was 4.0%, 1,700 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $313.4 million. On the bottom line, the average EPS estimate is $0.20.
Next year's average estimate for revenue is $1.11 billion. The average EPS estimate is $0.66.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 478 members out of 632 rating the stock outperform, and 154 members rating it underperform. Among 217 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 152 give MDC Holdings a green thumbs-up, and 65 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on MDC Holdings is hold, with an average price target of $30.33.
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