MDC Holdings Inc. Third Quarter Earnings Sneak Peek

MDC Holdings, Inc. (NYSE:MDC) will unveil its latest earnings on Thursday, November 3, 2011. 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 net loss of 50 cents per share, a wider loss from the year earlier quarter net loss of 22 cents. During the past three months, the average estimate has moved down from a loss of 25 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at a loss of 50 cents during the last month.

Past Earnings Performance: Last quarter, the company fell short of estimates by 2 cents, coming in at a loss of 36 cents per share against a mean estimate of net loss of 33 cents. The company topped expectations in the first quarter.

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Wall St. Revenue Expectations: On average, analysts predict $273.8 million in revenue this quarter, a rise of 21.3% from the year ago quarter. Analysts are forecasting total revenue of $957.7 million for the year, a decline of 0.1% from last year’s revenue of $958.7 million.

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

A Look Back: In the second quarter, the company’s loss widened to a loss of a $28 million (60 cents a share) from a loss of $3.7 million (8 cents) a year earlier, missing analyst expectations. Revenue fell 33.9% to $215.7 million from $326.3 million.

Key Stats:

Revenue fell in the second quarter after seeing a rise the quarter before. In the first quarter, revenue rose 15.4%.

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 September 30, 2011 to October 28, 2011, the stock price had risen $6 (35.4%) from $16.94 to $22.94. 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% (+$1.71) 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, falling 31.7% (-$7.73) over that span. Shares are down $4.96 (-17.8%) year to date.

(Source: Xignite Financials)

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