Cavco (CVCO) Q1 Earnings and Revenues Miss Estimates

Cavco (CVCO) came out with quarterly earnings of $4.11 per share, missing the Zacks Consensus Estimate of$ 4.97 per share. This compares to earnings of $5.29 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -17.30%. A quarter ago, it was expected that this homebuilder would post earnings of$ 5.13 per share when it actually produced earnings of $4.03, delivering a surprise of -21.44%. Over the last four quarters, the company has ...