Green Brick Partners (GRBK) Reports Q3 Earnings: What Key Metrics Have to Say

Core Insights - Green Brick Partners (GRBK) reported revenue of $523.66 million for the quarter ended September 2024, reflecting a 25% increase year-over-year, but fell short of the Zacks Consensus Estimate of$ 540.01 million by 3.03% [1] - The company's EPS was $1.98, up from$ 1.56 in the same quarter last year, but also missed the consensus estimate of $2.08 by 4.81% [1] Performance Metrics - New homes delivered: 956, exceeding the average estimate of 900 based on two analysts [3] - Backlog units: 809, compared to the estimated 777 [3] - Active selling communities at the end of the period: 106, slightly above the estimate of 105 [3] - Net new home orders: 877, surpassing the average estimate of 853 [3] - Land and lots revenue:$ 0.80 million, significantly below the average estimate of $3.50 million, representing a year-over-year decline of 73.8% [3] - Residential units revenue:$ 522.86 million, compared to the average estimate of $536.51 million, showing a year-over-year increase of 25.7% [3] Stock Performance - Green Brick Partners' shares have decreased by 8.9% over the past month, while the Zacks S&P 500 composite has increased by 1.8% [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [4]