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Green Brick Partners (GRBK) has shown a significant improvement in earnings outlook, with analysts raising their earnings estimates. For the current quarter, the company is expected to earn $1.62 per share, reflecting a year-over-year decline of 29.9%. Over the last 30 days, one estimate has moved higher, resulting in an 11.72% increase in the Zacks Consensus Estimate.
For the full year, analysts project earnings of $6.91 per share, indicating an 18.2% year-over-year decline. Similar upward revisions bolster the consensus estimate, which has increased by 7.97%. The favorable estimate revisions have earned Green Brick Partners a Zacks Rank #2 (Buy).
The stock has appreciated by 5.9% over the past four weeks, indicating potential for further upside for investors considering addition to their portfolio.
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