Champion Homes (SKY) Beats Q2 Earnings and Revenue Estimates

Group 1: Earnings Performance - Champion Homes reported quarterly earnings of $0.93 per share, exceeding the Zacks Consensus Estimate of $0.61 per share, and up from $0.82 per share a year ago, representing an earnings surprise of 52.46% [1] - The company posted revenues of $616.88 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 7.87%, compared to $464.24 million in the same quarter last year [2] - Over the last four quarters, Champion Homes has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - Champion Homes shares have increased approximately 18.7% since the beginning of the year, while the S&P 500 has gained 21.8% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the upcoming quarter is $0.73 on revenues of $603.05 million, and for the current fiscal year, it is $2.66 on revenues of $2.42 billion [7] Group 3: Industry Context - The Building Products - Mobile Homes and RV Builders industry, to which Champion Homes belongs, is currently ranked in the bottom 12% of over 250 Zacks industries, indicating potential challenges [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5] - The Zacks Rank for Champion Homes is currently 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6]