Green Brick Partners Inc (GRBK) Q3 2024 Earnings Report Preview: What To Look For

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Oct 29, 2024
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Green Brick Partners Inc (GRBK, Financial) is set to release its Q3 2024 earnings on Oct 30, 2024. The consensus estimate for Q3 2024 revenue is $541.67 million, and the earnings are expected to come in at $2.07 per share. The full year 2024's revenue is expected to be $2.11 billion and the earnings are expected to be $8.06 per share. More detailed estimate data can be found on the Forecast page.

Green Brick Partners Inc (GRBK, Financial) Estimates Trends

Over the past 90 days, revenue estimates for Green Brick Partners Inc (GRBK) for the full year 2024 have increased from $2.01 billion to $2.11 billion. For 2025, revenue estimates have risen from $2.18 billion to $2.24 billion. Earnings estimates for the full year 2024 have also been revised upwards from $7.24 per share to $8.06 per share, and for 2025, from $7.85 per share to $8.55 per share.

Green Brick Partners Inc (GRBK, Financial) Reported History

In the previous quarter of June 30, 2024, Green Brick Partners Inc's (GRBK) actual revenue was $560.63 million, which beat analysts' revenue expectations of $502.64 million by 11.54%. Green Brick Partners Inc's (GRBK) actual earnings were $2.32 per share, which beat analysts' earnings expectations of $1.74 per share by 33.33%. After releasing the results, Green Brick Partners Inc (GRBK) was down by -0.37% in one day.

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Green Brick Partners Inc (GRBK, Financial) 12 Month Price Targets

Based on the one-year price targets offered by 2 analysts, the average target price for Green Brick Partners Inc (GRBK) is $69 with a high estimate of $78 and a low estimate of $60. The average target implies a downside of -9.93% from the current price of $76.61.

Based on GuruFocus estimates, the estimated GF Value for Green Brick Partners Inc (GRBK, Financial) in one year is $53.61, suggesting a downside of -30.02% from the current price of $76.61.

Based on the consensus recommendation from 4 brokerage firms, Green Brick Partners Inc's (GRBK, Financial) average brokerage recommendation is currently 3.0, indicating a "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

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This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.