The company’s mean estimate for sales for the current quarter ending June-16 is 1.54 billion by 9 analysts. The means estimate of sales for the year ending Dec-16 is 6.60 billion by 9 analysts.
The mean price target for the shares of CalAtlantic Group Inc (NYSE:CAA) is at 39.40 while the highest price target suggested by the analysts is 50.00 and low price target is 34.00. The mean price target is calculated keeping in view the consensus of 10 brokerage firms.
The average estimate of EPS for the current fiscal quarter for CalAtlantic Group Inc (NYSE:CAA) stands at 0.75 while the EPS for the current year is fixed at 3.59 by 8 analysts.
The next one year’s EPS estimate is set at 4.28 by 11 analysts while a year ago the analysts suggested the company’s EPS at 3.59. The analysts also projected the company’s long-term growth at 17.87% for the upcoming five years.
In its latest quarter ended on 31st March 2016, CalAtlantic Group Inc (NYSE:CAA) reported earnings of $0.52. The posted earnings topped the analyst’s consensus by $0.01 with the surprise factor of 2.00%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
CalAtlantic Group, Inc. builds single-family attached and detached homes in the United States. The company operates through four segments: North, Southeast, Southwest, and West. The company offers crafted homes from entry level to luxury in 41 metropolitan statistical areas spanning 17 states and the District of Columbia. It also provides mortgage financing and title examination services for homebuyers. The company was founded in 1965 and is headquartered in Irvine, California.
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