Landsea Homes Corporation (LSEA) reported Q4 EPS of $0.81, $0.06 better than the analyst estimate of $0.75. Revenue for the quarter came in at $417.5 million versus the consensus estimate of $418.17 million.
GUIDANCE:
First quarter 2023
- New home deliveries anticipated to be in a range of 400 to 445
- Delivery ASPs expected to be in a range of $520,000 to $525,000
- Home sales gross margins between 17% and 18% on a GAAP basis and between 21% and 22% on an adjusted basis.