MDC Holdings, Inc. Second Quarter Earnings Sneak Peek

MDC Holdings, Inc. (NYSE:MDC) will unveil its latest earnings on Thursday, August 4, 2011. M.D.C. Holdings, Inc.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, title agency services.

MDC Holdings, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net loss of 33 cents per share, a wider loss from the year earlier quarter net loss of 8 cents. During the past three months, the average estimate has moved down from a loss of 24 cents. Between one and three months ago, the average estimate moved down and dropped from a loss of 32 cents during the last month.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the first quarter, it reported a loss of 43 cents per share against a mean estimate of net loss of 45 cents per share. In the fourth quarter of the last fiscal year, it missed forecasts by 47 cents.

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Wall St. Revenue Expectations: On average, analysts predict $222.8 million in revenue this quarter, a decline of 31.7% from the year ago quarter. Analysts are forecasting total revenue of $934.2 million for the year, a decline of 2.5% from last year’s revenue of $958.7 million.

Analyst Ratings: Analysts seem relatively indifferent about MDC Holdings with six of 10 analysts surveyed maintaining a hold rating.

Key Stats:

Revenue rose in the first quarter after seeing a drop the quarter before. Revenue rose 15.4% to $169.7 million in the first quarter from the year earlier. In the fourth quarter of the last fiscal year, revenue fell 19.9%.

Competitors to Watch: D.R. Horton, Inc. (NYSE:DHI), PulteGroup, Inc. (NYSE:PHM), Toll Brothers, Inc. (NYSE:TOL), KB Home (NYSE:KBH), The Ryland Group, Inc. (NYSE:RYL), Standard Pacific Corp. (NYSE:SPF), Hovnanian Enterprises, Inc. (NYSE:HOV), NVR, Inc. (NYSE:NVR), Beazer Homes USA, Inc. (NYSE:BZH), and M/I Homes, Inc. (NYSE:MHO).

Stock Price Performance: During May 4, 2011 to July 29, 2011, the stock price had fallen $5.06 (-18.3%) from $27.67 to $22.61. The stock price saw one of its best stretches over the last year between June 15, 2011 and June 23, 2011 when shares rose for seven-straight days, rising 7.2% (+$1.73) over that span. It saw one of its worst periods between September 28, 2010 and October 12, 2010 when shares fell for 11-straight days, falling 9.7% (-$2.79) over that span. Shares are down $5.66 (-20%) year to date.

(Source: Xignite Financials)

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