Green Brick Partners (GRBK) Lags Q3 Earnings and Revenue Estimates

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$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$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]