Analysts Have Been Trimming Their Champion Homes, Inc. (NYSE:SKY) Price Target After Its Latest Report
One of the biggest stories of last week was how Champion Homes, Inc. (NYSE:SKY) shares plunged 23% in the week since its latest annual results, closing yesterday at US$65.55. Revenues of US$2.5b were in line with forecasts, although statutory earnings per share (EPS) came in below expectations at US$3.42, missing estimates by 4.6%. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there’s been a strong change in the company’s prospects, or if it’s business as usual. With this in mind, we’ve gathered the latest statutory forecasts to see what the analysts are expecting for next year.
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