The revenue for that quarter was 37.8 percent higher than the comparable quarter of a year earlier, and beat analysts estimates by 12 percent, which in turn caused the stock to spike.
Analysts expect Cavco to report EPS of $3.05 the current fiscal year and $4.00 for the next FY.
MHProNews understands Cavco is one of the largest producers of manufactured homes in the United States, and also manufactures park model homes, vacation cabins, modular homes and systems-built commercial structures. The company offers financing and insurance to purchasers of homes. ##
(Image credit: Cavco Industries, Inc.–lapsided home)
