Cavco Industries Inc reports results for the quarter ended in September 30 - Earnings Summary

• Cavco Industries Inc CVCO.OQ reported quarterly adjusted earnings of $5.28​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $4.76. The mean expectation of three analysts for the quarter was for earnings of $4.76 per share. Wall Street expected results to range from $4.59 to $5.00 per share.

• Revenue rose 12.3% to $507.46 million from a year ago; analysts expected $479.79 million.

• Cavco Industries Inc's reported EPS for the quarter was $5.28​.

• The company reported quarterly net income of $43.82 million.

• Cavco Industries Inc shares had fallen by 3.3% this quarter and gained 19.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4.4% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the homebuilding peer group is also "buy"

Wall Street's median 12-month price target for Cavco Industries Inc is 450.00

This summary was machine generated from LSEG data November 1 at 03:31 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)