Stock Track | Cavco Soars After Beating Quarterly Estimates on Solid Housing Demand

Stock Track11-01 21:34

Shares of Cavco Industries Inc. (CVCO), a leading manufacturer of manufactured and modular homes, surged nearly 8% on Thursday after the company reported better-than-expected results for its fiscal second quarter ended September 30, 2024.

Cavco's adjusted earnings per share came in at $5.28, surpassing analysts' average estimate of $4.76. The company's revenue grew 12.3% year-over-year to $507.46 million, exceeding expectations of $479.79 million. The strong performance was driven by robust demand in the housing market and Cavco's ability to meet the increasing need for affordable housing solutions.

Analysts have praised Cavco's solid quarterly performance, with the current average rating on the stock being "Buy" and a median 12-month price target of $450. The company's net income for the quarter reached $43.82 million, reflecting the robust consumer demand and strong execution by the management team.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1184808443?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-01 21:34","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1184808443","market":"us","top_or_hot":-1,"title":"Stock Track | Cavco Soars After Beating Quarterly Estimates on Solid Housing Demand","media":"Stock Track","content":"<p>Shares of Cavco Industries Inc. (CVCO), a leading manufacturer of manufactured and modular homes, surged nearly 8% on Thursday after the company reported better-than-expected results for its fiscal second quarter ended September 30, 2024.</p>\n\n<p>Cavco's adjusted earnings per share came in at $5.28, surpassing analysts' average estimate of $4.76. The company's revenue grew 12.3% year-over-year to $507.46 million, exceeding expectations of $479.79 million. The strong performance was driven by robust demand in the housing market and Cavco's ability to meet the increasing need for affordable housing solutions.</p>\n\n<p>Analysts have praised Cavco's solid quarterly performance, with the current average rating on the stock being \"Buy\" and a median 12-month price target of $450. The company's net income for the quarter reached $43.82 million, reflecting the robust consumer demand and strong execution by the management team.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Cavco Soars After Beating Quarterly Estimates on Solid Housing Demand</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Cavco Soars After Beating Quarterly Estimates on Solid Housing Demand\n</h2>\n\n<h4 class=\"meta\">\n\n2024-11-01 21:34 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Cavco Industries Inc. (CVCO), a leading manufacturer of manufactured and modular homes, surged nearly 8% on Thursday after the company reported better-than-expected results for its fiscal ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CVCO","symbol_name":"卡寇工业","start_time":0,"source_url":"","article_id":"1184808443","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1184808443","pubTimestamp":1730468094,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Cavco Industries Inc. , a leading manufacturer of manufactured and modular homes, surged nearly 8% on Thursday after the company reported better-than-expected results for its fiscal second quarter ended September 30, 2024.Cavco's adjusted earnings per share came in at $5.28, surpassing analysts' average estimate of $4.76. The company's revenue grew 12.3% year-over-year to $507.46 million, exceeding expectations of $479.79 million. The strong performance was driven by robust demand in t","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CVCO":"卡寇工业"},"translate_title":"由于住房需求强劲，股票赛道Cavco超出季度预期，股价飙升","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CVCO":1},"content_text":"Shares of Cavco Industries Inc. (CVCO), a leading manufacturer of manufactured and modular homes, surged nearly 8% on Thursday after the company reported better-than-expected results for its fiscal second quarter ended September 30, 2024.\nCavco's adjusted earnings per share came in at $5.28, surpassing analysts' average estimate of $4.76. The company's revenue grew 12.3% year-over-year to $507.46 million, exceeding expectations of $479.79 million. The strong performance was driven by robust demand in the housing market and Cavco's ability to meet the increasing need for affordable housing solutions.\nAnalysts have praised Cavco's solid quarterly performance, with the current average rating on the stock being \"Buy\" and a median 12-month price target of $450. The company's net income for the quarter reached $43.82 million, reflecting the robust consumer demand and strong execution by the management team.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1184808443"}