Bluegreen Vacations Hldg Corp Down 8.78% To $24.11 After Earnings Miss

Bluegreen Vacations Hldg Corp (BVH) said before open Wednesday that it earned $0.87 per share in quarter two 2022.

On the revenue line, the company reported $235.6 million, beating estimates by $27.9 million.

In the same quarter a year ago, the company earned $0.93 per share on revenue of $193.5 million.

The stock is down 8.78% to $24.11 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 79. Meanwhile, the average Wall Street analyst rated the stock a Strong Buy.

Bluegreen Vacations Holding Corp is a vacation ownership company that markets and sells vacation ownership interests (VOIs) and manages resorts in popular leisure and urban destinations. The firm operates in two segments: Sales of VOIs and financing and Resort Operations and Club Management.