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Earnings Flashback: Since Reporting Quarterly Results 1 Week Ago Beazer Homes Is Down 7.5% (BZH)

Published on Sat, 02/09/2013 - 09:20
By Peter Chu

A week ago on January 28th, 2013 Beazer Homes (NYSE:BZH) reported earnings and analysts, on average, expected a loss of $0.94 on sales of $259.3 million. The company 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. Shares of Beazer Homes have slipped from $18.18 to $16.82, representing a loss of 7.5%, since the company reported earnings 12 days ago.

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.

Beazer Homes share prices have moved between a 52-week high of $20.15 and a 52-week low of $10.90 and closed Thursday at 54% above that low price at $16.82 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has risen 0.5%.

Based on a current price of $16.82, Beazer Homes is currently 1.5% above its average consensus analyst price target of $16.57. The stock should find initial support at its 50-day moving average (MA) of $16.80 and further support at its 200-day MA of $15.44.

By Peter Chu
pchu@fnno.com