Yahoo Finance Howard Hughes First Quarter 2023 Earnings: EPS Beats Expectations, Revenues Lag
Howard Hughes (NYSE:HHC) First Quarter 2023 Results
Key Financial Results
Revenue: US$196.3m (down 6.6% from 1Q 2022).
Net loss: US$22.7m (down from US$2.12m profit in 1Q 2022).
US$0.46 loss per share (down from US$0.04 profit in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Howard Hughes EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 31%.
Looking ahead, revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Real Estate industry in the US.
Performance of the American Real Estate industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for Howard Hughes (1 is concerning!) that you need to be mindful of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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