Landsea Homes Corp LSEA:NASDAQ

Last Price$7.82NASDAQ Previous Close - Last Trade as of 4:00PM ET 5/13/22

Today's Change-0.01(0.13%)
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Day Low / High$7.74 - 7.99
Volume42.4 K

Landsea Homes Q3 Adjusted Earnings, Revenue Decline; Full-Year Revenue Guidance Lifted

7:45AM ET 11/10/2021 MT Newswires
Landsea Homes (LSEA) reported Q3 adjusted earnings Wednesday of $0.18 per diluted share, compared with $0.30 a year earlier. An analyst polled by Capital IQ expected $0.35.

Total home sales for the period were $208.9 million, versus $218.5 million a year ago. The analyst polled by Capital IQ had expected home sales of $256.8 million. Total revenue was $214 million versus $218.5 million a year ago.

The construction services provider now expects full-year revenue to fall in the range of $1.02 billion to $1.06 billion, up from its prior guidance range of $960 million to $1.02 billion. Q4 revenue is pegged in the $392 million-to-$415 million range. The Capital IQ analyst views full-year revenue at $996.2 million and Q4 revenue at $328.7 million.