Financial News

Skyline Champion (SKY) Reports Earnings Tomorrow: What To Expect

SKY Cover Image

Modular home and building manufacturer Skyline Champion (NYSE:SKY) will be reporting earnings tomorrow after the bell. Here’s what to expect.

Skyline Champion beat analysts’ revenue expectations by 4.6% last quarter, reporting revenues of $627.8 million, up 35.1% year on year. It was an incredible quarter for the company, with an impressive beat of analysts’ earnings and EBITDA estimates.

Is Skyline Champion a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Skyline Champion’s revenue to grow 33.3% year on year to $618.8 million, a reversal from the 42.5% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.80 per share.

Skyline Champion Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Skyline Champion has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Skyline Champion’s peers in the home builders segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Taylor Morrison Home delivered year-on-year revenue growth of 26.6%, beating analysts’ expectations by 7.8%, and Tri Pointe Homes reported revenues up 36.5%, topping estimates by 8.7%. Taylor Morrison Home traded up 5.4% following the results while Tri Pointe Homes was down 5.2%.

Read our full analysis of Taylor Morrison Home’s results here and Tri Pointe Homes’s results here.

Investors in the home builders segment have had fairly steady hands going into earnings, with share prices down 1.1% on average over the last month. Skyline Champion is down 7.1% during the same time and is heading into earnings with an average analyst price target of $86.17 (compared to the current share price of $88.13).

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