Legacy Historical Income Statement

LEGH Stock  USD 26.54  0.76  2.95%   
Historical analysis of Legacy Housing income statement accounts such as Depreciation And Amortization of 1.3 M can show how well Legacy Housing Corp performed in making a profits. Evaluating Legacy Housing income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Legacy Housing's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Legacy Housing Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Legacy Housing Corp is a good buy for the upcoming year.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Legacy Housing Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

About Legacy Income Statement Analysis

Legacy Housing Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Legacy Housing shareholders. The income statement also shows Legacy investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Legacy Housing Income Statement Chart

As of now, Legacy Housing's Selling And Marketing Expenses is decreasing as compared to previous years. The Legacy Housing's current Total Revenue is estimated to increase to about 191.2 M, while Tax Provision is projected to decrease to under 9.4 M.

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Total Revenue

Total revenue comprises all receipts Legacy Housing Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Legacy Housing income statement and is an important metric when analyzing Legacy Housing Corp profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Most accounts from Legacy Housing's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Legacy Housing Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Legacy Housing Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
As of now, Legacy Housing's Selling And Marketing Expenses is decreasing as compared to previous years. The Legacy Housing's current Total Revenue is estimated to increase to about 191.2 M, while Tax Provision is projected to decrease to under 9.4 M.
 2021 2023 2024 (projected)
Depreciation And Amortization1.8M1.7M1.3M
Interest Income2.1M2.8M3.0M

Legacy Housing income statement Correlations

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Click cells to compare fundamentals

Legacy Housing Account Relationship Matchups

Legacy Housing income statement Accounts

201920202021202220232024 (projected)
Tax Provision8.7M10.8M10.8M14.4M14.1M9.4M
Net Interest Income(402K)(138K)1.2M2.6M2.2M2.3M
Interest Income300K915K2.1M2.9M2.8M3.0M
Depreciation And Amortization838K1.5M1.2M1.8M1.7M1.3M
Interest Expense702K1.1M887K375K930K974.2K
Selling General Administrative25.5M19.1M24.5M27.6M24.3M23.7M
Selling And Marketing Expenses829K731K336K1.3M586K691.0K
Total Revenue169.0M176.7M197.5M257.0M189.1M191.2M
Gross Profit64.1M67.0M83.5M106.9M89.5M74.9M
Other Operating Expenses129.1M131.1M129.1M179.0M124.6M139.2M
Operating Income37.8M47.6M58.9M78.0M64.6M50.4M
Net Income From Continuing Ops28.8M38.0M49.9M67.8M67.1M43.6M
Ebit37.8M49.9M58.9M82.5M69.7M52.1M
Ebitda39.3M51.1M63.1M84.3M71.4M53.9M
Cost Of Revenue104.9M109.7M114.1M150.1M99.7M116.3M
Total Operating Expenses26.2M19.4M138.6M28.9M24.9M40.3M
Income Before Tax37.6M48.8M60.6M82.1M68.7M51.2M
Total Other Income Expense Net(250K)1.2M503K4.1M4.1M4.4M
Net Income Applicable To Common Shares28.8M38.0M49.9M67.8M77.9M39.2M
Net Income28.8M38.0M49.9M67.8M54.5M41.8M
Income Tax Expense8.7M10.8M10.8M14.4M14.3M9.4M
Reconciled Depreciation1.0M1.2M1.6M2.0M(1.2M)(1.1M)

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When determining whether Legacy Housing Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Legacy Housing's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Legacy Housing Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Legacy Housing Corp Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Legacy Housing Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Is Household Durables space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Legacy Housing. If investors know Legacy will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Legacy Housing listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
2.18
Revenue Per Share
6.744
Quarterly Revenue Growth
(0.11)
Return On Assets
0.0711
Return On Equity
0.1193
The market value of Legacy Housing Corp is measured differently than its book value, which is the value of Legacy that is recorded on the company's balance sheet. Investors also form their own opinion of Legacy Housing's value that differs from its market value or its book value, called intrinsic value, which is Legacy Housing's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Legacy Housing's market value can be influenced by many factors that don't directly affect Legacy Housing's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Legacy Housing's value and its price as these two are different measures arrived at by different means. Investors typically determine if Legacy Housing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Legacy Housing's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.