MDC Holdings (NYSE: MDC ) reported earnings on July 30. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), MDC Holdings beat expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. GAAP earnings per share expanded significantly.
Margins expanded across the board.
MDC Holdings recorded revenue of $416.0 million. The nine analysts polled by S&P Capital IQ wanted to see a top line of $398.0 million on the same basis. GAAP reported sales were 54% higher than the prior-year quarter's $270.5 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 $4.56. The nine earnings estimates compiled by S&P Capital IQ averaged $0.54 per share. GAAP EPS of $4.56 for Q2 were much higher than the prior-year quarter's $0.22 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 19.5%, 360 basis points better than the prior-year quarter. Operating margin was 7.0%, 590 basis points better than the prior-year quarter. Net margin was 54.1%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $450.7 million. On the bottom line, the average EPS estimate is $0.68.
Next year's average estimate for revenue is $1.76 billion. The average EPS estimate is $2.42.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 477 members out of 626 rating the stock outperform, and 149 members rating it underperform. Among 201 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 154 give MDC Holdings a green thumbs-up, and 47 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 $39.56.
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