57.63
1.66%
0.94
Why is Green Brick Partners Inc (GRBK) Stock down?
We've noticed a 6.58% decline in Green Brick Partners Inc (GRBK) stock during the 2024-12-18 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
04 Mar, 2024:
Green Brick Partners (GRBK) stock dropped by 5.05% following the announcement of its Full Year 2023 Results. The revenue was reported to grow, however, missed analyst expectations.
- Key Financial Results: The company reported a revenue of US$1.78 billion, reflecting a 1.1% increase from FY 2022. However, its net income decreased by 1.5% to US$284.6 million. The profit margin remained stable at 16%, in line with FY 2022. Earnings per share (EPS) were reported at US$6.26. Greenbric's revenue falling short by 1.4% and EPS missing estimates by 3.2%.
- Future Outlook: Looking ahead, Green Brick Partners is forecasted to achieve an average annual revenue growth rate of 7.9% over the next 2 years, outpacing the 5.1% growth forecast for the Consumer Durables industry in the US.
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