Beazer Homes USA Inc. Earnings Cheat Sheet: Loss Narrows but Misses Estimates

Beazer Homes USA Inc.’s (NYSE:BZH) fourth quarter loss narrowed due mainly to positive revenue growth. Beazer Homes USA designs, sells, and builds single-family and multi-family homes in the United States.

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Beazer Homes USA Earnings Cheat Sheet for the Fourth Quarter

Results: Loss narrowed to $43.2 million (loss of 58 cents per diluted share) from $59.5 million (loss of 81 cents per share) in the same quarter a year earlier.

Revenue: Rose 32.4% to $335 million from the year earlier quarter.

Actual vs. Wall St. Expectations: BZH fell short of the mean analyst estimate of a loss of 32 cents per share. It beat the average revenue estimate of $307.4 million.

Quoting Management: Allan Merrill, President and Chief Executive Officer said, “Our new home orders showed encouraging signs of improvement in the second half of Fiscal 2011. While we acknowledge the many challenges facing the industry, we believe we have the people, the communities and the homes to allow us to generate increased new home orders and deliveries in Fiscal 2012 as we pursue a deliberate climb back to profitability.”

Key Stats:

A year-over-year revenue increase last quarter snaps a streak of four consecutive quarters of revenue declines. The worst quarter in that span was the first quarter, which saw a 49.6% decrease.

The company has now missed analyst estimates for the last four quarters. It fell short by 11 cents in the third quarter, by 4 cents in the second quarter, and by 17 cents in the first quarter.

Looking Forward: The outlook for the company’s next quarter results are less favorable than they were a month ago. The average estimate for the first quarter of the next fiscal year has fallen to a loss of 46 cents per share from a loss of 42 cents a month ago. The average estimate for the fiscal year is currently a loss of $2.57 per share, down from a loss of $2 sixty days ago.

Competitors to Watch: M.D.C. Holdings, Inc. (NYSE:MDC), KB Home (NYSE:KBH), Hovnanian Enterprises, Inc. (NYSE:HOV), D.R. Horton, Inc. (NYSE:DHI), M/I Homes, Inc. (NYSE:MHO), Orleans Homebuilders (OHBIQ), NVR, Inc. (NYSE:NVR), The Ryland Group, Inc. (NYSE:RYL), PulteGroup, Inc. (NYSE:PHM), and California Coastal Communities, Inc. (CALCQ).

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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)