Cavco (CVCO) Q4 Earnings and Revenues Miss Estimates

Core Viewpoint - Cavco's quarterly earnings of $4.03 per share fell short of the Zacks Consensus Estimate of $5.13 per share, marking a -21.44% earnings surprise [1][2] Financial Performance - The company reported revenues of $420.12 million for the quarter ended March 2024, missing the Zacks Consensus Estimate by 15.89% and down from $476.38 million a year ago [2] - Over the last four quarters, Cavco has not surpassed consensus EPS estimates and has topped revenue estimates only once [2] Stock Performance - Cavco shares have increased by approximately 2.1% since the beginning of the year, compared to the S&P 500's gain of 11.3% [3] Future Outlook - The company's earnings outlook is crucial for investors, with current consensus EPS estimates at $6.92 for the coming quarter and $23.96 for the current fiscal year [7] - The Zacks Rank for Cavco is currently 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Building Products - Mobile Homes and RV Builders industry is currently in the bottom 31% of Zacks industries, suggesting potential challenges for stock performance [8] - Another company in the same industry, Winnebago Industries, is expected to report a significant decline in earnings, with a projected EPS of $1.31, down 38.5% year-over-year [9]