Beazer Homes USA (BZH)
NYSE:BZH
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Earnings Data
Report Date
Jul 30, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
-0.02Last Year’s EPS
-0.01Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a cautiously optimistic operational picture: management reported clear progress on mix (to‑be‑built sales), rising ASPs/backlog, margin momentum, strong liquidity, and an active capital return program (notably share buybacks). However, material macro headwinds—higher mortgage rates, surging energy costs, and weaker seasonal traffic—have reduced confidence in achieving the company’s earlier EBITDA growth plan and constrained near‑term profitability (Q2 adjusted EBITDA was only $2.6M and the company posted a small GAAP loss). Overall, positives around product differentiation, balance sheet strength, and capital allocation outweigh the near‑term demand and margin risks, but the outlook is cautious and dependent on H2 market trends.Company Guidance
Strong Sales and Pace Recovery
Sold 1,048 homes in Q2 with a sales pace of 2.1 sales per community per month (pace increased Jan→Feb and plateaued in March). Company expects to sell >1,000 homes in Q3 (up nearly 20% vs prior-year Q3) with a similar pace to Q2.
Shift Toward To‑Be‑Built Sales
To‑be‑built sales rose to 43% of gross sales (the highest level since early 2024), up more than 10 percentage points year over year; spec sales mix fell to 57% in Q2 from 61% in Q1 (a 4 ppt QoQ decline). Management expects this mix to drive higher ASPs and margins in H2.
Improving Pricing and Backlog
Homebuilding revenue was $397.7 million; 757 homes closed at an average selling price (ASP) of $525,000. ASP in backlog is above $580,000, and Q3 ASP guidance is $535,000–$540,000, indicating mix-driven price improvement.
Margin Progression and Guidance
Q2 homebuilding gross margin was 15.6% (in line with Q1). Management expects adjusted homebuilding gross margins to increase >50 basis points sequentially in Q3 and now targets 200–300 bps of margin expansion by Q4 (revised from a prior 300 bps target).
Capital Allocation and Share Repurchases
Executed $30 million of repurchases in Q2 and repurchased more than 1 million shares at about 60% of book value; company committed to completing a $72 million authorization this year and will have bought back nearly 20% of shares since early fiscal 2025 upon completion.
Strong Balance Sheet and Liquidity
Approximately $400 million total liquidity at quarter end (about $116 million unrestricted cash and ~$285 million revolver availability). Revolver was upsized by $160 million to $525 million and maturity extended to March 2030; no debt maturities until October 2027.
Land Pipeline and Asset Efficiency
Maintained a robust lot pipeline with ~60% controlled by options; continuing to sell non‑strategic assets at or above book value and targeting land spend efficiencies that support community-count growth while enabling buybacks.
Book Value and Tax Advantages
Book value per share up year over year — nearly $42 using weighted average shares and nearly $43 using period-end shares. Energy efficiency tax credits expected to drive a net tax benefit of >$10 million for the full year and minimal cash taxes for several years.
BZH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BZH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $21.59 | $20.63 | -4.45% |
Jan 29, 2026 | $24.21 | $21.57 | -10.90% |
Nov 13, 2025 | $21.40 | $21.85 | +2.10% |
Jul 31, 2025 | $23.50 | $21.70 | -7.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Beazer Homes USA (BZH) report earnings?
Beazer Homes USA (BZH) is schdueled to report earning on Jul 30, 2026, After Close (Confirmed).
What is Beazer Homes USA (BZH) earnings time?
Beazer Homes USA (BZH) earnings time is at Jul 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BZH EPS forecast?
BZH EPS forecast for the fiscal quarter 2026 (Q3) is -0.02.