Core Viewpoint - Green Brick Partners reported quarterly earnings of $1.98 per share, missing the Zacks Consensus Estimate of $2.08 per share, but showing an increase from $1.56 per share a year ago, indicating a -4.81% earnings surprise [1][2] Financial Performance - The company posted revenues of $523.66 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 3.03%, compared to $418.98 million in the same quarter last year [2] - Over the last four quarters, Green Brick Partners has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Stock Performance - Green Brick Partners shares have increased approximately 45.3% since the beginning of the year, outperforming the S&P 500's gain of 22.3% [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $2.13 on revenues of $552.54 million, and for the current fiscal year, it is $8.35 on revenues of $2.1 billion [7] - The estimate revisions trend for Green Brick Partners is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Real Estate - Development industry, to which Green Brick Partners belongs, is currently in the top 20% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8]

Home Deliveries and Sales - Home deliveries increased by 26.8% for the three months ended September 30, 2024, and by 20.3% for the nine months ended September 30, 2024[114]. - Home closings revenue rose by 25.7% for the three months ended September 30, 2024, and by 14.7% for the nine months ended September 30, 2024[115]. - Average sales price of homes delivered decreased by 0.8% for the three months ended September 30, 2024, and by 4.7% for the nine months ended September 30, 2024[114]. - Net new home orders increased by 11.3% for the three months ended September 30, 2024, and by 4.7% for the nine months ended September 30, 2024[117]. - Residential units revenue increased by $192.6 million, or 14.6%, driven by a 20.3% increase in home deliveries[133]. Backlog and Cancellations - Backlog revenue decreased by 6.5% due to an 11.7% decrease in backlog units, despite a 5.8% increase in the average sales price of backlog units[119]. - The cancellation rate for the three months ended September 30, 2024, was 8.5%, compared to 6.1% for the same period in 2023[119]. - Cancellation rate rose to 7.1% for the nine months ended September 30, 2024, compared to 6.5% in the prior year[131]. Financial Performance - Residential units gross margin decreased by 60 basis points to 32.7% for the three months ended September 30, 2024[121]. - Selling, general and administrative expenses as a percentage of revenue decreased by 0.2% for the three months ended September 30, 2024[122]. - Revenue from net new home orders decreased by $33.3 million, or 2.1%, to $1,539.5 million for the nine months ended September 30, 2024[130]. - Average selling price of net new home orders declined by 6.5% to $549.3 thousand[130]. - Residential units gross margin improved by 290 basis points to 33.6% for the nine months ended September 30, 2024[134]. Land and Lots - Land and lots revenue increased by 178.1% to $18.3 million for the nine months ended September 30, 2024[135]. - Total lots owned increased to 31,425 as of September 30, 2024, from 23,801 at the end of 2023[144]. - The company had earnest money deposits of $10.2 million at risk associated with contracts to purchase raw land and finished lots, representing 3,380 total lots[167]. Cash and Debt Management - Unrestricted cash and cash equivalents decreased to $80.1 million as of September 30, 2024, from $179.8 million at the end of 2023[145]. - Debt to total capitalization ratio was approximately 16.4% as of September 30, 2024[149]. - As of September 30, 2024, the net debt to total capitalization ratio was 12.5%, indicating a low leverage position[150]. - Total debt, net of debt issuance costs, was $297.3 million, with a net debt figure of $217.2 million after accounting for cash and cash equivalents of $80.1 million[152]. - For the nine months ended September 30, 2024, net cash used for operating activities was $3.0 million, a significant decrease from $232.7 million provided during the same period in 2023[154]. - The company generated $34.6 million from investing activities in the nine months ended September 30, 2024, compared to a net cash outflow of $10.0 million in the prior year[155]. - Net cash used in financing activities was $126.4 million for the nine months ended September 30, 2024, up from $69.8 million in the same period in 2023[156]. - As of September 30, 2024, the company maintained an interest coverage ratio of 33.16 to 1.0, well above the required minimum of 2.0 to 1.0[161]. - The Consolidated Tangible Net Worth was reported at $1,519.8 million as of September 30, 2024, exceeding the minimum requirement of approximately $960.0 million[161]. Market Trends - The homebuilding industry experiences seasonal fluctuations, with the highest new home order activity typically occurring in spring and summer[169]. - The company plans to prudently employ leverage to continue investing in land acquisition, development, and homebuilding activities[150].

Exhibit 99 GREEN BRICK PARTNERS, INC. REPORTS RECORD THIRD QUARTER 2024 RESULTS HOME CLOSINGS REVENUE OF $523M, A RECORD FOR ANY THIRD QUARTER, UP 25.7% YOY DILUTED EPS OF $1.98, A RECORD FOR ANY THIRD QUARTER, UP 26.9% YOY NET NEW HOME ORDERS OF 877, A RECORD FOR ANY THIRD QUARTER, UP 11.3% YOY DEBT TO TOTAL CAPITAL OF 16.4%; NET DEBT TO TOTAL CAPITAL OF 12.5% PLANO, Texas, October 30, 2024 — Green Brick Partners, Inc. (NYSE: GRBK) ("we," "Green Brick" or the "Company"), today reported record results for i ...

Green Brick Partners, Inc. (GRBK) has been gearing up to announce its third-quarter 2024 earnings on Oct. 30, after the closing bell. The quarterly results are likely to reflect year-over-year growth in revenues and earnings per share (EPS).Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the last reported quarter, this Plano, TX-based development real estate company reported an EPS of $2.32, which beat the Zacks Consensus Estimate by 31.82%. Results reflected a rise in total reve ...

The upcoming report from Green Brick Partners (GRBK) is expected to reveal quarterly earnings of $2.08 per share, indicating an increase of 33.3% compared to the year-ago period. Analysts forecast revenues of $540.01 million, representing an increase of 28.9% year over year. Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe. Prior to a c ...

Investors in Green Brick Partners, Inc. (GRBK) need to pay close attention to the stock based on moves in the options market lately. That is because the Oct 18, 2024 $20 Put had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It co ...

The best way to play the homebuilder space might not be with one of the larger players. It's been a strong environment for homebuilders, and there are some good reasons to believe the high margins and strong demand could last for years to come. In this video, Fool.com contributor Tyler Crowe discusses his favorite homebuilder stock, and it might not be one you've heard of yet. *Stock prices used were the morning prices of Aug. 22, 2024. The video was published on Aug. 24, 2024. ...

Investors might want to bet on Green Brick Partners (GRBK) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook. Analysts' growing optimism on the earnings prospects of this real estate investment company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between ...

Green Brick Partners (GRBK) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices - - has triggered this rating change. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Indi ...

Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Has Green Brick Partners (GRBK) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out. Green Brick Partners is a member of the Finance sector. This group includes 860 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zac ...