MDC Holdings Inc. First Quarter Earnings Sneak Peek

MDC Holdings, Inc. (NYSE:MDC) will unveil its latest earnings on Thursday, May 3, 2012. M.D.C. Holdings operates in the field of homebuilding and financial services. Its homebuilding operations consist of construction and sale of single-family detached homes and financial services includes mortgage loans and title agency services.

MDC Holdings, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for a loss of 18 cents per share, a narrower loss from the year-earlier quarter net loss of 43 cents. During the past three months, the average estimate has moved up from a loss of 28 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at a loss of 18 cents during the last month.

Past Earnings Performance: The company has beaten estimates the last two quarters and is coming off a quarter where it topped the forecasts by 39 cents, reporting net loss of 8 cents per share against a mean estimate of a loss of 47 cents. In the third quarter of the last fiscal year, the company exceeded forecasts by 18 cents with net loss of 32 cents versus a mean estimate of a loss of 50 cents.

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Wall St. Revenue Expectations: On average, analysts predict $177.4 million in revenue this quarter, a rise of 4.5% from the year-ago quarter. Analysts are forecasting total revenue of $964.7 million for the year, a rise of 14.3% from last year’s revenue of $844.2 million.

Analyst Ratings: Analysts seem relatively indifferent about MDC Holdings with seven of nine analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, the company’s loss narrowed to a loss of $18.8 million (40 cents a share) from a loss of $30 million (65 cents) a year earlier, beating analyst expectations. Revenue fell 4.7% to $247.4 million from $259.6 million.

Key Stats:

On the top line, the company is hoping to use this earnings announcement to snap a string of three-straight quarters of revenue declines. Revenue fell 33.9% in the second quarter of the last fiscal year and 6.3% in third quarter of the last fiscal year before falling again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between February 1, 2012 and April 27, 2012, the stock price rose $8.14 (40.3%), from $20.20 to $28.34. The stock price saw one of its best stretches over the last year between January 31, 2012 and February 9, 2012, when shares rose for eight straight days, increasing 28.6% (+$5.61) over that span. It saw one of its worst periods between July 21, 2011 and August 8, 2011 when shares fell for 13 straight days, dropping 31.7% (-$7.55) over that span.

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

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