On Jan 15, the homebulider’s shares saw their share prices move down owing to mixed earnings results from two of the biggest companies, Lennar Corp. (LEN) and KB Home (KBH) in the homebuilding industry.
Although this slump was obviously disappointing, the building-residential/commercial company has seen 1 positive revision and its current year earnings consensus has moved higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for MDC. So make sure to keep an eye on this stock going forward to see if yesterday’s price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.
MDC currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
A better-ranked stock in the same sector is DR Horton Inc. (DHI) holding a Zacks Rank #2 (Buy).
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