Beazer Homes USA (NYSE: BZH) saw its stock price plummet 6.43% in Thursday's trading session following the release of its disappointing fiscal third-quarter earnings report. The homebuilder's results fell significantly short of analyst expectations, raising concerns about the company's performance in a challenging housing market.
For the quarter ended June 30, 2025, Beazer Homes reported a net loss of $0.01 per share, a stark contrast to the FactSet consensus estimate of $0.42 earnings per share. This represents a significant decline from the $0.88 per share earned in the same period last year. The company's revenue also disappointed, coming in at $545.4 million, missing the analyst consensus estimate of $559 million and marking an 8.45% decrease from the previous year.
The poor performance was attributed to several factors, including a 9.2% decline in homebuilding revenue and a weak sales pace, particularly in Texas markets. Beazer Homes also reported inventory impairment and abandonment charges of $10.3 million, which further impacted its bottom line. Despite these challenges, the company remains focused on its long-term goals, including reaching 200 active communities by fiscal 2027 and improving its financial metrics. However, investors appear skeptical about the company's near-term prospects, as reflected in the sharp stock price decline following the earnings release.
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