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• Landsea Homes Corp LSEA.OQ reported quarterly adjusted earnings of 8 cents​​ per share for the quarter ended in June, lower than the same quarter last year, when the company reported EPS of 12 cents. The mean expectation of five analysts for the quarter was for earnings of 10 cents per share. Wall Street expected results to range from 5 cents to 15 cents per share.

• Revenue rose 47% to $431.13 million from a year ago; analysts expected $338.58 million.

• Landsea Homes Corp's reported EPS for the quarter was 8 cents​.

• The company reported quarterly income of $2.89 million.

• Landsea Homes Corp shares had risen by 32.5% this quarter and lost 7.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 11% in the last three months.​

• In the last 30 days, there have been earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 2 "hold" and "sell" or "strong sell."

• The average consensus recommendation for the real estate rental, development & operations peer group is also "buy"

Wall Street's median 12-month price target for Landsea Homes Corp is $15.00

This summary was machine generated from LSEG data August 1 at 01:52 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)