Smith Douglas Homes (NYSE:SDHC) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$220.9m (up 22% from 2Q 2023).

• Net income: US$3.65m (down 88% from 2Q 2023).

• Profit margin: 1.7% (down from 17% in 2Q 2023). The decrease in margin was driven by higher expenses.

• EPS: US$0.41 (down from US$270 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Smith Douglas Homes Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 5.6%. Earnings per share (EPS) missed analyst estimates by 8.6%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Consumer Durables industry in the US.

Performance of the American Consumer Durables industry.

The company's shares are up 11% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Smith Douglas Homes has 2 warning signs (and 1 which makes us a bit uncomfortable) we think you should know about.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.