Cavco (CVCO) Q3 Earnings and Revenues Surpass Estimates

Group 1: Earnings Performance - Cavco reported quarterly earnings of $6.90 per share, exceeding the Zacks Consensus Estimate of$ 4.12 per share, and up from $4.27 per share a year ago, representing an earnings surprise of 67.48% [1] - The company posted revenues of$ 522.04 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 16.68%, compared to year-ago revenues of $446.77 million [2] Group 2: Stock Performance and Outlook - Cavco shares have increased approximately 4.8% since the beginning of the year, outperforming the S&P 500's gain of 2.7% [3] - The current consensus EPS estimate for the coming quarter is$ 4.73 on revenues of $480.8 million, and for the current fiscal year, it is$ 18 on revenues of $1.91 billion [7] Group 3: Industry Context - The Building Products - Mobile Homes and RV Builders industry is currently ranked in the bottom 16% of over 250 Zacks industries, indicating potential challenges for stocks within this sector [8] - Another company in the same industry, Patrick Industries, is expected to report a significant year-over-year earnings decline of 49.5% for the quarter ended December 2024 [9]