Overview

* Green Brick ( GRBK ) Q3 revenue beats analysts' expectations despite a 4.7% yr/yr decline

* Net income for Q3 was $78 mln, with diluted EPS of $1.77

* Company delivered 953 new homes

Outlook

* Company anticipates opening sales for new Houston community in spring 2026

Result Drivers

* SALES VELOCITY - Net new home orders grew 2.4% year-over-year to 898 units, a record for any third quarter in company history, attributed to infill-focused land self-development strategy

* PRICING STRATEGY - Co adjusted pricing and incentives to sustain sales momentum amid affordability pressures and elevated interest rates

* GROSS MARGINS - Maintained homebuilding gross margins above 30% for the tenth consecutive quarter, attributed to strategic adjustments in incentives and sales prices

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $499.09 $458.80

Revenue mln mln (3

Analysts

)

Q3 Net $77.85

Income mln

Q3 31.10%

Homebuil

ding

Gross

Margin

Q3 Gross $155.46

Profit mln

Q3 $106.64

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the homebuilding peer group is "hold"

* Wall Street's median 12-month price target for Green Brick Partners Inc ( GRBK ) is $66.50, about 0.5% below its October 28 closing price of $66.83

* The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)