William Lyon Homes Earnings: Here’s Why Investors are Buying Shares Now

William Lyon Homes (NYSE:WLH) 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 4.38%.

William Lyon Homes Earnings Cheat Sheet

Revenue: Was the same at $120.6 million as the year-earlier quarter.

Actual vs. Wall St. Expectations: William Lyon Homes reported adjusted EPS income of $0.29 per share. By that measure, the company beat the mean analyst estimate of $-0.04. It beat the average revenue estimate of $101.9 million.

Quoting Management: “We achieved some significant milestones in the second quarter of 2013, including completing a successful IPO, generating positive net income in our initial quarter as a public company and delivering our sixth consecutive quarter of year over year growth in deliveries, orders and backlog,” said William H. Lyon, Chief Executive Officer. “During the quarter, we experienced strong demand, as evidenced by continued price increases and a healthy sales pace per community. Looking ahead, we are well positioned with a strong balance sheet and an attractive land position in our markets to capitalize on new growth opportunities. We look forward to continuing to build upon our market leadership position and focus on delivering an unparalleled customer experience to drive growth and returns for our shareholders.”

Key Stats (on next page)…

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 $0 to a profit $0.16. For the current year, the average estimate has moved up from $0 to a profit of $0.61 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)