MDC Holdings (NYSE: MDC) reported earnings on May 3. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), MDC Holdings beat expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share grew.
Gross margins shrank, operating margins improved, and net margins increased.
Revenue details
MDC Holdings chalked up revenue of $194.0 million. The 11 analysts polled by S&P Capital IQ expected revenue of $177.7 million on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $169.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at -$0.01. The seven earnings estimates compiled by S&P Capital IQ averaged -$0.12 per share. GAAP EPS were $0.04 for Q1 against -$0.43 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 16.0%, 90 basis points worse than the prior-year quarter. Operating margin was -1.6%, 1,140 basis points better than the prior-year quarter. Net margin was 1.2%, 1,290 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $275.7 million. On the bottom line, the average EPS estimate is $0.09.
Next year's average estimate for revenue is $1.09 billion. The average EPS estimate is $0.50.
Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 482 members out of 636 rating the stock outperform, and 154 members rating it underperform. Among 226 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 164 give MDC Holdings a green thumbs-up, and 62 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 $26.67.
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