Green Brick Partners Earnings Calls

Q4 2024 (Upcoming)
Release date Feb 26, 2025
EPS estimate $2.06
EPS actual -
Revenue estimate 551.822M
Revenue actual -
Expected change +/- 4.01%
Q3 2024 Missed
$1.98 (-4.35%)
Release date Oct 30, 2024
EPS estimate $2.07
EPS actual $1.98
EPS Surprise -4.35%
Revenue estimate 562.477M
Revenue actual 523.66M
Revenue Surprise -6.90%
Q2 2024 Beat
$2.32 (31.07%)
Release date Jul 31, 2024
EPS estimate $1.77
EPS actual $2.32
EPS Surprise 31.07%
Revenue estimate 502.64M
Revenue actual 560.631M
Revenue Surprise 11.54%
Q1 2024 Beat
$1.82 (20.53%)
Release date May 01, 2024
EPS estimate $1.51
EPS actual $1.82
EPS Surprise 20.53%
Revenue estimate 439.99M
Revenue actual 447.338M
Revenue Surprise 1.67%

Last 4 Quarters for Green Brick Partners

Below you can see how GRBK performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.

Q1 2024 Beat
Release date May 01, 2024
Fiscal end date Mar 31, 2024
Price on release $55.05
EPS estimate $1.51
EPS actual $1.82
EPS surprise 20.53%
Date Price
Apr 25, 2024 $54.46
Apr 26, 2024 $55.59
Apr 29, 2024 $56.26
Apr 30, 2024 $54.13
May 01, 2024 $55.05
May 02, 2024 $55.03
May 03, 2024 $56.64
May 06, 2024 $56.40
May 07, 2024 $56.17
4 days before 1.08%
4 days after 2.03%
On release day -0.0363%
Change in period 3.14%
Q2 2024 Beat
Release date Jul 31, 2024
Fiscal end date Jun 30, 2024
Price on release $73.15
EPS estimate $1.77
EPS actual $2.32
EPS surprise 31.07%
Date Price
Jul 25, 2024 $72.90
Jul 26, 2024 $74.81
Jul 29, 2024 $73.34
Jul 30, 2024 $74.75
Jul 31, 2024 $73.15
Aug 01, 2024 $72.88
Aug 02, 2024 $71.79
Aug 05, 2024 $69.19
Aug 06, 2024 $70.01
4 days before 0.343%
4 days after -4.29%
On release day -0.369%
Change in period -3.96%
Q3 2024 Missed
Release date Oct 30, 2024
Fiscal end date Sep 30, 2024
Price on release $76.15
EPS estimate $2.07
EPS actual $1.98
EPS surprise -4.35%
Date Price
Oct 24, 2024 $75.77
Oct 25, 2024 $74.96
Oct 28, 2024 $76.61
Oct 29, 2024 $75.48
Oct 30, 2024 $76.15
Oct 31, 2024 $69.01
Nov 01, 2024 $68.51
Nov 04, 2024 $70.06
Nov 05, 2024 $72.40
4 days before 0.502%
4 days after -4.92%
On release day -9.38%
Change in period -4.45%
Q4 2024 (Upcoming)
Release date Feb 26, 2025
Fiscal end date Dec 30, 2024
Price on release -
EPS estimate $2.06
EPS actual -
Date Price
Feb 07, 2025 $57.94
Feb 10, 2025 $59.05
Feb 11, 2025 $59.90
Feb 12, 2025 $59.27
Feb 13, 2025 $60.35

Green Brick Partners Earnings Call Transcript Summary of Q3 2024

  • Company Milestone: Green Brick celebrates its 10th anniversary as a public company, highlighting significant revenue growth from under $250 million in 2014 to projected revenues exceeding $2 billion in 2024.
  • Financial Performance:
    • Revenue Growth: Home closings revenue increased by 26% year-over-year to $523 million in Q3 2024, marking the best third quarter in company history.
    • Earnings: Net income rose by 23.5% to $89 million, with earnings per share (EPS) growing 26.9% to $1.98, a record for any third quarter.
    • Year-to-Date Performance: Total revenues reached $1.51 billion, up 14.6% from the previous year, with homebuilding gross margin at 33.6%.
  • Market Position:
    • Green Brick maintains a robust balance sheet with a net debt-to-capital ratio of 12.5% and total debt-to-capital ratio of 16.4%, among the best in the public homebuilding sector.
    • The company operates with a well-located land portfolio, primarily in Texas, which positions it to take advantage of demographic trends favoring home construction.
  • Sales and Orders:
    • New home orders increased by 11.3% year-over-year in Q3, totaling 877. The company experienced a positive sales environment, improving from mid-year lows.
    • Incentives and Pricing: Average incentives increased to 5.9%, used mainly to maintain sales momentum rather than adjusting base prices significantly.
  • Land Strategy:
    • Network growth through land development is a key focus. The company spent $125 million on land acquisitions in Q3, with a total of $514 million year-to-date, aimed at meeting a target of $700 million for the year.
    • Green Brick controls over 37,000 lots, providing five years of supply based on current building pace, predominantly in infill locations to sustain demand.
  • Future Outlook:
    • Expectation to grow community count in key markets like Austin and Houston while expanding sales near infill areas.
    • Ongoing initiatives to launch a wholly-owned mortgage company in Q1 2025 to enhance customer offerings.
  • Market Commentary:
    • Current real estate market is influenced by rising interest rates, affecting buyer psychology. Despite this, the company believes in stabilized demand driven by persistent supply shortages and favorable demographic trends.
    • Management remains optimistic about sustaining sales rates and maintaining operational efficiency, planning to strategically manage home pricing and inventory amidst market fluctuations.
  • Conclusion: Green Brick Partners, Inc. is positioned for sustained growth, showcasing strong fiscal health, solid revenue performance, and a strategic focus on land development, with promising expansion plans in key markets.
  • Green Brick Partners Earnings History

    Earnings Calendar

    FAQ

    When is the earnings report for GRBK?
    Green Brick Partners (GRBK) has scheduled its earnings report for Feb 26, 2025 after the markets close.

    What is the GRBK price-to-earnings (P/E) ratio?
    GRBK P/E ratio as of Feb 13, 2025 (TTM) is 7.51.

    What is the GRBK EPS forecast?
    The forecasted EPS (Earnings Per Share) for Green Brick Partners (GRBK) for the first fiscal quarter 2024 is $2.06.

    What are Green Brick Partners's retained earnings?
    On its balance sheet, Green Brick Partners reported retained earnings of $523.66 million for the latest quarter ending Sep 30, 2024.

    What Is an Earnings Report?
    An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.

    Earnings Report Content
    Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.

    What To Know About Earnings Reports?
    Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
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    ABOUT GREEN BRICK PARTNERS
    Green Brick Partners
    Green Brick Partners, Inc. operates as a homebuilding and land development company in the United States. It operates through Builder operations Central, Builder operations Southeast, and Land development segments. The company is involved in the land acquisition and development, entitlements, design, construction, title and mortgage services, marketing, and sale of townhomes, patio homes, single family homes, and luxury homes in residential neighb...
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