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.
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