NYSE$JOE
The St. Joe Company · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
St. Joe's Q1 2024 results were released, showcasing growth in revenue, operating income, and net income.
St. Joe Company reported a strong first quarter in 2024, with revenue increasing by 20% to $87.8 million, operating income increasing by 42%, and net income attributable to the Company increasing by 34% to $13.9 million, or $0.24 per share.
- Revenue increased by 20% compared to the first quarter of 2023.
- Operating income increased by 42% compared to the first quarter of 2023.
- Net income attributable to the Company increased by 34% compared to the first quarter of 2023.
- Hospitality revenue grew by 60%, and leasing revenue grew by 21%.
Headline financials
Revenue & EPS history
St. Joe · Revenue · Quarterly
$87.8M
Revenue by segment
St. Joe · $60.5M total across 2 segments · Q3 2023
- Hospitality$47.4M+63.4%78.3%
- Leasing$13.1M+29.7%21.7%
Forward guidance
The St. Joe Company did not provide specific forward guidance in the provided document. However, the President and Chief Executive Officer conveyed a positive outlook, expressing confidence in the company's future growth and the potential for increased profits and land value through their diverse portfolio of complementary businesses.
Tailwinds
- Growth of hospitality segment exposes more visitors to residential communities.
- Residential communities create more customers for commercial leasing portfolio.
- Commercial leasing portfolio growth drives increased shopping and entertainment opportunities.
- Increased visitation further drives profits.
- Value of surrounding lands are expected to increase with each development.
Headwinds
- Ability to successfully implement strategic objectives
- New or increased competition across business units
- Any decline in general economic conditions, particularly in primary markets
- Interest rate fluctuations
- Inflation
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+1.0%
Avg return
Earnings day
+1.1%
Avg return
5 days after
+2.6%
Avg return
30 days after
55%
38 / 69 earnings
Positive
+19.0%
Q2 2023
Best reaction
-7.0%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.7% | -8.3% | -10.5% | |
| Q4 2025 | +1.2% | +5.6% | -10.9% | |
| Q3 2025 | +11.4% | +20.1% | +23.0% | |
| Q2 2025 | -1.0% | -3.0% | +2.3% | |
| Q1 2025 | +1.0% | +1.7% | +3.5% | |
| Q4 2024 | +2.8% | +1.1% | -0.3% | |
| Q3 2024 | -7.0% | -7.6% | -11.8% | |
| Q2 2024 | +1.8% | +0.2% | -3.5% | |
| Q1 2024 | +1.4% | +2.8% | -1.3% | |
| Q4 2023 | +3.3% | +0.3% | +1.7% | |
| Q3 2023 | -5.0% | -6.3% | +7.8% | |
| Q2 2023 | +19.0% | +17.0% | +9.6% | |
| Q1 2023 | +0.8% | +1.5% | +15.5% | |
| Q4 2022 | -1.3% | -3.5% | -11.0% | |
| Q3 2022 | -1.2% | -1.1% | +2.8% | |
| Q2 2022 | -0.6% | -2.6% | -7.7% | |
| Q1 2022 | +4.9% | -3.5% | -5.7% | |
| Q4 2021 | +8.5% | +15.6% | +28.7% | |
| Q3 2021 | -0.4% | -2.6% | +3.7% | |
| Q2 2021 | +3.7% | -0.0% | +3.7% | |
| Q1 2021 | -0.6% | -0.1% | +1.8% | |
| Q4 2020 | +3.1% | -1.2% | -14.8% | |
| Q3 2020 | +9.3% | +4.8% | +30.4% | |
| Q2 2020 | +3.5% | -0.5% | +14.9% | |
| Q1 2020 | +1.1% | -4.5% | +6.4% | |
| Q4 2019 | -2.7% | -1.1% | -18.3% | |
| Q3 2019 | +1.0% | +0.4% | +3.4% | |
| Q2 2019 | -3.9% | -10.1% | -6.8% | |
| Q1 2019 | +1.5% | +2.3% | -6.5% | |
| Q4 2018 | -1.3% | -0.1% | +4.7% | |
| Q3 2018 | +5.3% | +1.8% | -1.3% | |
| Q2 2018 | +1.4% | +2.0% | -2.5% | |
| Q1 2018 | -3.2% | -0.6% | +4.0% | |
| Q4 2017 | +4.5% | +8.5% | +7.1% | |
| Q3 2017 | +1.7% | +1.7% | +5.1% | |
| Q2 2017 | +0.8% | +2.8% | +3.9% | |
| Q1 2017 | -0.3% | +2.0% | +3.2% | |
| Q4 2016 | +3.3% | -0.3% | +2.4% | |
| Q3 2016 | +3.3% | +6.6% | +22.4% | |
| Q2 2016 | -0.3% | +1.6% | +3.2% | |
| Q1 2016 | +2.0% | — | — | |
| Q4 2015 | +3.0% | — | — | |
| Q3 2015 | +0.4% | — | — | |
| Q2 2015 | -1.2% | — | — | |
| Q1 2015 | +0.9% | — | — | |
| Q4 2014 | -2.0% | — | — | |
| Q3 2014 | -5.3% | — | — | |
| Q2 2014 | -6.9% | — | — | |
| Q1 2014 | -0.1% | — | — | |
| Q4 2013 | +4.1% | — | — | |
| Q3 2013 | +9.9% | — | — | |
| Q2 2013 | -0.3% | — | — | |
| Q1 2013 | -4.1% | — | — | |
| Q4 2012 | -4.2% | — | — | |
| Q3 2012 | +12.1% | — | — | |
| Q2 2012 | +3.8% | — | — | |
| Q1 2012 | -2.7% | — | — | |
| Q4 2011 | -2.4% | — | — | |
| Q4 2010 | -2.4% | — | — | |
| Q3 2011 | -3.3% | — | — | |
| Q2 2011 | -3.4% | — | — | |
| Q1 2010 | +0.9% | — | — | |
| Q1 2011 | +3.6% | — | — | |
| Q4 2008 | +4.5% | — | — | |
| Q3 2010 | +0.8% | — | — | |
| Q3 2009 | +0.8% | — | — | |
| Q2 2010 | -3.3% | — | — | |
| Q2 2009 | -3.3% | — | — | |
| Q4 2009 | -3.3% | — | — |
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