Green Brick Partners Inc (NYSE: GRBK) has reported earnings for its fourth fiscal quarter (ending December 31) of $1.60 versus $1.19 for the same period a year ago — an increase of 34%. However, this performance was $-0.17 short of the consensus estimate of $1.77. E.P.S. were $6.20 for the latest four quarters through December 31 versus $6.07 for the same period a year ago — an increase of 2%.
Recent Price Action
On 2/29/24, Green Brick Partners Inc (NYSE: GRBK) stock enjoyed a large increase of 2.5%, closing at $58.50. Moreover, exceptionally high trading volume at 252% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 5.3% during the last week.
Current PriceTarget Research Rating
GRBK is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Green Brick Partners has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Green Brick Partners has a slightly positive Power Rating of 68 and a slightly positive Appreciation Score of 68, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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