St Joe Company (JOE)
NYSE:JOE
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Earnings Data
Report Date
Jul 29, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0.51Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a largely positive operational and strategic picture: revenue and operating income increased, hospitality and recurring revenue reached records, and margins improved materially. Management executed notable strategic moves (large builder agreement, infrastructure deal), maintained disciplined capital allocation (capex, dividends, buybacks, debt reduction), and is actively pursuing commercial opportunities. The primary negatives were a sizable drop in net income driven by a large decline in equity income from a joint venture (volume-driven and described as cyclical) and timing/permitting lags that postpone some future revenue. Overall, the positives around recurring revenue growth, margin expansion, strategic partnerships, and capital actions outweigh the near-term earnings volatility and timing risks.Company Guidance
Revenue and Operating Income Growth
Total revenue increased 5% year-over-year to $99.1 million (the highest first-quarter revenue outside a one-time 2014 timberland sale), and operating income increased 8% year-over-year.
Record Hospitality and Recurring Revenue
Hospitality revenue reached a first-quarter record of $44.7 million (up 13% YoY) and leasing revenue was $14.7 million; together recurring revenue (hospitality + leasing) accounted for 60% of total revenue.
Gross Margin Expansion
Hospitality gross margin improved to 24% from 18% in 2025 (+6 percentage points), and leasing gross margin improved to 61% from 55% in 2025 (+6 percentage points), reflecting improved operational efficiency and portfolio mix.
Disciplined Capital Allocation
First-quarter capital allocation included $20.7 million in capital expenditures (primarily growth), $9.2 million in cash dividends, $5.0 million in share repurchases, and $10.9 million in project debt reduction, with strategic focus on reducing higher-cost variable project debt.
Large Builder Agreement Expands Sales Pipeline
Executed a contract with PulteGroup for up to 2,653 homesites in the newly approved DSAP; PulteGroup is the country's third-largest homebuilder and this marks their entry into the Northwest Florida market.
Infrastructure Agreement Supporting Future Development
Signed a long-range water and sewer agreement for Lake Powell and West Laird DSAPs, enabling infrastructure work planned to commence later this year and supporting 'potential thousands' of future residential homesites.
Active Monetization and Demand Signals
Management reported a solid start to the hospitality season with RevPAR upticks (primarily organic), increased bookings including some benefit from a New York City marketing campaign, and rising advanced deposits indicating forward demand.
New Commercial Opportunities and Flexible Monetization
Company is engaging national commercial and data-center users (e.g., discussions for Venture Crossings) and is open to monetization structures including ground leases (recurring revenue) or sales, showing strategic flexibility.
Progress on Local Projects and Partnerships
Momentum in several operating areas: brokerage office expansion (additional locations planned), positive performance at WindMark residential partnership, progress and near-term commencement expected for Pier Park Surf Park leases, and ongoing club/amenity planning.
JOE 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
JOE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $69.03 | $64.57 | -6.46% |
Feb 25, 2026 | $68.76 | $69.57 | +1.18% |
Oct 29, 2025 | $48.78 | $54.58 | +11.87% |
Jul 23, 2025 | $49.57 | $51.35 | +3.60% |
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 St Joe Company (JOE) report earnings?
St Joe Company (JOE) is schdueled to report earning on Jul 29, 2026, After Close (Confirmed).
What is St Joe Company (JOE) earnings time?
St Joe Company (JOE) earnings time is at Jul 29, 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 JOE EPS forecast?
Currently, no data Available