UCP Earnings: Everything You Must Know Now
UCP (NYSE:UCP) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
UCP Earnings Cheat Sheet
Revenue: Was the same at $27.72 million as the year-earlier quarter.
Actual vs. Wall St. Expectations: UCP reported adjusted EPS of $0 per share. By that measure, the company missed the mean analyst estimate of $0.06. It beat the average revenue estimate of $19.81 million.
Quoting Management: “UCP’s success during the past quarter has been the result of our team’s experience, our opportunistic land purchases during the housing downturn, and our ability to build differentiated communities and homes primarily in the robust markets of Northern California and Washington State.” stated Dustin Bogue President and Chief Executive Officer of UCP.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from $0 to a loss $0.01. For the current year, the average estimate has moved up from $0 to a profit of $0.17 over the last ninety days.