MDC Stock Recent News

DENVER , Sept. 27, 2023 /PRNewswire/ -- M.D.C.

The heavy selling pressure might have exhausted for M.D.C. Holdings, Inc. (MDC) as it is technically in oversold territory now.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Banks currently are the industry group that is most popular with the top-performing newsletters that my auditing firm monitors.

I maintain a hold rating for MDC as I await 3Q23 results to confirm the start of the earnings normalization phase. 2Q23 earnings exceeded expectations, with a 54% growth in orders and improved pricing trends. It is important to remember that further increases in mortgage rates will certainly impact the earnings trajectory of the business.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

M.D.C. Holdings, Inc. (MDC) came out with quarterly earnings of $1.24 per share, beating the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $2.59 per share a year ago.

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, M.D.C. Holdings, Inc. (MDC) could be a great choice.

Here is how M.D.C. Holdings, Inc. (MDC) and M/I Homes (MHO) have performed compared to their sector so far this year.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.