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Beazer Homes Earnings Review: 19 Days after Announcement Shares Down 4.9% (BZH)

Published on Sat, 02/16/2013 - 09:10
By Peter Chu

When Beazer Homes (NYSE:BZH) reported earnings two weeks ago on January 28th, 2013, analysts, on average, expected the company to report a loss of $0.94 on sales of $259.3 million. Beazer Homes actually reported a loss of $0.77 per share on sales of $246.9 million, beating EPS estimates by $0.17 and missing revenue estimates by $12.3 million. Since the company's report, shares of Beazer Homes have fallen from $18.18 to $17.29, representing a loss of 4.9% in the past 19 days.

In the past 52 weeks, shares of Beazer Homes have traded between a low of $10.90 and a high of $20.15 and closed Thursday at $17.29, which is 59% above that low price. The 200-day and 50-day moving averages have moved 0.36% higher and 1.37% higher over the past week, respectively.

Beazer Homes (NYSE:BZH) is currently priced 4.2% above its average consensus analyst price target of $16.57. The stock should discover initial support at its 50-day moving average (MA) of $17.03 and subsequent support at its 200-day MA of $15.49.

Beazer Homes USA, Inc. designs, builds, and sells single family homes in the Southeast, Southwest, and South Central regions of the United States. The Company's homes are designed to appeal to entry-level and first move-up home buyers.

By Peter Chu
pchu@fnno.com