Ryland Group Earnings: Here’s Why Investors are Excited Now
Ryland Group Inc. (NYSE:RYL) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 3.42%.
Ryland Group Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 471.43% to $0.8 in the quarter versus EPS of $0.14 in the year-earlier quarter.
Revenue: Rose 67.81% to $492.99 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Ryland Group Inc. reported adjusted EPS income of $0.8 per share. By that measure, the company beat the mean analyst estimate of $0.64. It beat the average revenue estimate of $492.75 million.
Key Stats (on next page)…
Revenue increased 31.58% from $374.68 million in the previous quarter. EPS increased 86.05% from $0.43 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.69 to a profit $0.83. For the current year, the average estimate has moved up from a profit of $2.33 to a profit of $2.88 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)