Company Performance - Green Brick Partners (GRBK) reported quarterly earnings of $2.32 per share, exceeding the Zacks Consensus Estimate of $1.76 per share, and up from $1.63 per share a year ago, representing an earnings surprise of 31.82% [1] - The company posted revenues of $560.63 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 14.48%, compared to $456.29 million in the same quarter last year [2] - Over the last four quarters, Green Brick Partners has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Stock Performance - Green Brick Partners shares have increased approximately 43.9% since the beginning of the year, significantly outperforming the S&P 500's gain of 14% [3] - The current consensus EPS estimate for the upcoming quarter is $1.88 on revenues of $506.78 million, and for the current fiscal year, it is $7.46 on revenues of $1.97 billion [7] Industry Outlook - The Real Estate - Development industry, to which Green Brick Partners belongs, is currently ranked in the bottom 37% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Green Brick Partners' stock performance [5]

Core Viewpoint - Green Brick Partners (GRBK) is expected to report quarterly earnings of $1.76 per share, an 8% increase year-over-year, with revenues forecasted at $489.73 million, reflecting a 7.3% year-over-year growth [1] Group 1: Earnings and Revenue Estimates - Analysts have maintained the consensus EPS estimate for the quarter over the past 30 days, indicating stability in projections [1] - The average prediction for 'Revenues- Residential units revenue' is set at $486.23 million, showing a year-over-year increase of 7% [5] Group 2: Key Metrics and Performance Indicators - Analysts project 'Net New Home orders' to reach 916, up from 822 in the same quarter last year [6] - 'New homes delivered' is expected to be 893, compared to 783 in the same quarter of the previous year [6] - 'Backlog units' are projected to reach 1,043, an increase from 882 reported in the same quarter last year [6] Group 3: Market Performance - Green Brick Partners shares have increased by 31.6% in the past month, significantly outperforming the Zacks S&P 500 composite, which saw a 0.1% change [7] - The company holds a Zacks Rank 3 (Hold), suggesting it is expected to closely follow overall market performance in the near term [7]

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Green Brick Partners is currently sporting a Zacks Rank of #1 (Strong Buy). Another stock in the Finance sector, Erste Group Bank AG (EBKDY) , has outperformed the sector so far this year. The stock's year-to-date return is 16.4%. Green Brick Partners is one of 854 companies in the Fin ...

Barron's recently suggested that the malaise in homebuilder stocks that's been ongoing since March looks ready to end. That suggests investors might want to consider homebuilder stocks to buy to ride their upward correction. Arguments for buying homebuilder stocks include the fact that despite more homes for sale in the U.S. — 1.52 million single family homes, new and existing, were for sale in April — that is still well below the historical average of 2.36 million. The article points out that UBS analysts ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock. In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Sco ...

Green Brick Partners (GRBK) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving. The upward trend in estimate revisions for this real estate investment company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyon ...

Green Brick Partners (GRBK) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.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.Indivi ...

INVESTOR PRESENTATION GREEN BRICK ＰＡＲＴＮＥＲＳ This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. These statements concern expectations, beliefs, projections, plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts and typically include the words "anticipate," "believe," "consider," "estimate," "expect," "feel," "intend," "plan," "predict," "seek," "strategy," "target," " ...

For the quarter ended March 2024, Green Brick Partners (GRBK) reported revenue of $447.34 million, down 1% over the same period last year. EPS came in at $1.82, compared to $1.37 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $444.18 million, representing a surprise of +0.71%. The company delivered an EPS surprise of +21.33%, with the consensus EPS estimate being $1.50.While investors scrutinize revenue and earnings changes year-over-year and how they compare with W ...