Landsea Homes Corporation (NASDAQ:LSEA) just released its latest annual results and things are looking bullish. Landsea Homes beat earnings, with revenues hitting US$1.2b, ahead of expectations, and statutory earnings per share outperforming analyst reckonings by a solid 19%. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

See our latest analysis for Landsea Homes

Following the latest results, Landsea Homes' three analysts are now forecasting revenues of US$1.42b in 2024. This would be a solid 18% improvement in revenue compared to the last 12 months. Per-share earnings are expected to soar 26% to US$1.01. In the lead-up to this report, the analysts had been modelling revenues of US$1.31b and earnings per share (EPS) of US$1.15 in 2024. So it's pretty clear the analysts have mixed opinions on Landsea Homes after the latest results; even though they upped their revenue numbers, it came at the cost of a real cut to per-share earnings expectations.

The consensus price target was unchanged at US$15.33, suggesting the business is performing roughly in line with expectations, despite some adjustments to profit and revenue forecasts. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values Landsea Homes at US$17.00 per share, while the most bearish prices it at US$13.00. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.

Of course, another way to look at these forecasts is to place them into context against the industry itself. We can infer from the latest estimates that forecasts expect a continuation of Landsea Homes'historical trends, as the 18% annualised revenue growth to the end of 2024 is roughly in line with the 20% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 5.1% per year. So it's pretty clear that Landsea Homes is forecast to grow substantially faster than its industry.

The Bottom Line

The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. Happily, they also upgraded their revenue estimates, and are forecasting them to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.