Should Value Investors Buy Beazer Homes (BZH) Stock?

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.

Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.

On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the “Value” category. Stocks with high Zacks Ranks and “A”

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Beazer Homes (BZH) Shares Rise on Q4 Earnings & Revenue Beat

Beazer Homes USA, Inc. BZH shares climbed 2.7% after it reported fourth-quarter fiscal 2020 results, wherein earnings and revenues handily beat the respective Zacks Consensus Estimate. The company also guided double-digit EPS growth for fiscal 2021.

Chairman and CEO Allan P. Merrill said, “With our deleveraging objective of reducing debt below $1B clearly in sight, we expect increased land and development spending during 2021 will allow us to increase the number of lots we own or control through options by year end, which we believe positions us for top and bottom-line growth in the years ahead”.

Earnings & Revenue Discussion

Fiscal fourth-quarter net income from continuing operations was $24.6 million. It included one-time items related to loss on debt extinguishment, inventory impairments and abandonments, as well as restructuring and severance charges. Excluding these items, the company generated net income from continuing operations of $25.6 million compared with $23.8 million in

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Beazer Homes USA Inc (BZH) Q4 2020 Earnings Call Transcript

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Image source: The Motley Fool.

Beazer Homes USA Inc (NYSE: BZH)
Q4 2020 Earnings Call
Nov 12, 2020, 5:00 p.m. ET

Contents:

  • Prepared Remarks
  • Questions and Answers
  • Call Participants

Prepared Remarks:

Operator

Good afternoon, and welcome to the Beazer Homes Earnings Conference Call for the Quarter and Fiscal Year ended September 30, 2020.

[Operator Instructions]

In addition, the PowerPoint slides intended to accompany this call are available in the Investor Relations section of the company’s website at www.beazer.com.

At this point, I will turn the call over to David Goldberg, Vice President and Treasurer.

David I. GoldbergVice President of Treasury and Investor Relations

Thank you. Good afternoon, and welcome to the Beazer Homes conference call discussing our results for the fourth quarter and full year of fiscal 2020.

Before we begin, you should be aware that during this call, we will be making forward-looking statements. Such statements

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Factors Setting the Tone for Beazer Homes’ (BZH) Q4 Earnings

Beazer Homes USA, Inc. BZH is scheduled to release fourth-quarter fiscal 2020 results on Nov 12, after the closing bell. In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate by a significant margin.

Q4 Estimates

The Zacks Consensus Estimate for the to-be-reported quarter’s earnings per share is pegged at 58 cents, suggesting a decline of 37.6% from the prior-year quarter. Moreover, earnings estimate for the quarter have remained stable in the past 30 days. The consensus mark for fiscal fourth-quarter revenues stands at $622 million, indicating a slump of 20.4% from the year-ago reported figure.

Factors to Note

The company’s fiscal fourth-quarter results are likely to reflect increase in net new orders. In September, the company reported preliminary operating results for the month of July and August. Preliminary net new orders increased 26% and 48% in July and August, respectively. This was driven by higher pace

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