BEDFORD, Texas, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Legacy Housing Corporation ("Legacy" or the "Company," NASDAQ: LEGH) today announced its financial results for the second quarter ended June 30, 2024. Financial Highlights Net revenue for the second quarter of 2024 was $42.5 million, a decrease of 19.3% from the second quarter of 2023. Income from operations for the second quarter of 2024 was $16.0 million, a decrease of 8.4% from the second quarter of 2023. Net income for the second quarter of 2024 was $16. ...

A replay of the webcast will be available on https://investors.legacyhousingcorp.com/ starting approximately two hours after the call and will be archived on the site for one year. Investor Inquiries: Duncan Bates, (817) 799-4837 duncanbates@legacyhousingcorp.com To access the conference call, please pre-register using this link. Registrants will receive confirmation with dialin details. Legacy builds, sells, and finances manufactured homes and "tiny houses" that are distributed through a network of indepen ...

Group 1: Price Targets and Analyst Consensus - The mean price target estimate for Legacy Housing (LEGH) is $29.25, indicating a potential upside of 26.7% from the current price of $23.09, with the lowest estimate at $25 representing an 8.3% increase and the highest at $33 suggesting a 42.9% increase [1][6] - A low standard deviation of $3.30 in price targets indicates a high degree of agreement among analysts regarding the stock's price movement, which can serve as a starting point for further research [1][9] - Analysts have shown strong agreement in revising earnings per share (EPS) estimates higher, which correlates with positive stock price movements, suggesting a legitimate reason to expect an upside in LEGH [10] Group 2: Analyst Ratings and Market Sentiment - LEGH holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates, indicating strong potential for upside in the near term [5] - Over the past 30 days, the Zacks Consensus Estimate for LEGH's current year has increased by 12.8%, with one estimate moving higher and no negative revisions, reflecting growing optimism among analysts [15] Group 3: Caution on Price Targets - While price targets are often sought after by investors, their reliability as indicators of stock price movements is questionable, and decisions based solely on them may lead to disappointing returns [4][12] - Empirical research suggests that price targets set by analysts, regardless of agreement, rarely indicate the actual direction of a stock's price [8]

12 Month EPS Current-Quarter Estimate Revisions Legacy Housing (LEGH) 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 rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this mobile home manufacturing company, should get reflected in its stock price. After all, empirical resear ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): May 9, 2024 LEGACY HOUSING CORPORATION | (Exact name of registrant as specified in its charter) | | | | --- | --- | --- | | Texas | 001-38761 | 20-2897516 | | (State or Other Jurisdiction | (Commission | (IRS Employer | | of Incorporation) | File Number) | Identification No.) | | 1600 Airport F ...

Legacy Housing (LEGH) reported $43.24 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 18.2%. EPS of $0.60 for the same period compares to $0.65 a year ago.The reported revenue represents a surprise of +13.59% over the Zacks Consensus Estimate of $38.07 million. With the consensus EPS estimate being $0.36, the EPS surprise was +66.67%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall S ...

Legacy Housing (LEGH) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.65 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 66.67%. A quarter ago, it was expected that this mobile home manufacturing company would post earnings of $0.77 per share when it actually produced earnings of $0.28, delivering a surprise of -63.64%.Over the last f ...

Washington, D.C. 20549 FORM 10-Q Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38761 Legacy Housing Corporation (Exact name of registrant as specified in its charter) Texas 20-2897516 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (State or other ...

BEDFORD, Texas, April 30, 2024 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (“Legacy” or the “Company”, NASDAQ: LEGH) will release its financial results for the first quarter ended March 31, 2024 after markets close on Thursday, May 9, 2024. The Company will host a conference call at 10:00 a.m. Central Time on Friday, May 10, 2024. To access the conference call, please pre-register using this link. Registrants will receive confirmation with dial-in details. A live webcast of the call can be accessed usi ...

BEDFORD, Texas, April 30, 2024 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (("Legacy" or the "Company", NASDAQ:LEGH) will release its financial results for the first quarter ended March 31, 2024 after markets close on Thursday, May 9, 2024. The Company will host a conference call at 10:00 a.m. Central Time on Friday, May 10, 2024. To access the conference call, please pre-register using this link. Registrants will receive confirmation with dial-in details. A live webcast of the call can be accessed usi ...