Why did LEGH's Q4 earnings beat forecasts so strongly?

Legacy Housing Corp (LEGH) reported earnings per share (EPS) of $0.64 for the quarter ended September 30, 2024, which is the same as the previous year's Q3. However, the reported revenue of $44.27 million for the quarter ended September 2024 missed the Zacks Consensus Estimate by 13.44%. Despite the revenue missing expectations, the company's Q4 earnings did not beat forecasts strongly. The net income for the third quarter of 2024 was $15.8 million, which represents a decrease of 1.8% from the third quarter of 2023. The company's earnings per share (EPS) was $0.64, which is the same as the previous year's Q3. Therefore, LEGH's Q4 earnings did not beat forecasts strongly. In fact, the company's Q4 earnings were in line with expectations. |code|Ticker|Name|Date|Revenue Surprise|Total Revenue|market_code| |---|---|---|---|---|---|---| |LEGH|LEGH.O|Legacy Housing|2024 Q1|5073000|4.3243E7|185| |LEGH|LEGH.O|Legacy Housing|2024 Q2|-3850000|4.2495E7|185| |LEGH|LEGH.O|Legacy Housing|2024 Q3|-970000|4.4266E7|185| |LEGH|LEGH.O|Legacy Housing|2024 Q4|3800000|5.4187E7|185|