NYSE$JOE
The St. Joe Company · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
St. Joe's Q3 2020 results were announced, showing revenue growth across all segments and the initiation of a quarterly dividend program.
St. Joe Company reported a 28% increase in total revenue to $42.0 million for Q3 2020, compared to $32.8 million in Q3 2019. This growth was driven by increases in real estate, leasing, and hospitality revenues. The company's operating income increased by 49%, and net income rose by 37% to $7.8 million, or $0.13 per share.
- Total revenue increased by 28% to $42.0 million compared to Q3 2019.
- Real estate revenue increased by 37%, hospitality revenue increased by 21%, and leasing revenue increased by 22%.
- Operating income increased by 49% compared to the same period in 2019.
- The Board of Directors authorized a new quarterly cash dividend program, declaring a dividend of $0.07 per share.
Headline financials
Revenue & EPS history
St. Joe · Revenue · Quarterly
$42M
Revenue by segment
St. Joe · $21.9M total across 2 segments · Q3 2020
- Hospitality$17M+21.4%77.6%
- Leasing$4.9M+22.5%22.4%
Forward guidance
The company anticipates continued progress in operations, revenue growth, and bottom-line expectations from new projects and phases. They expect revenues from sales of residential homesites, continued cost discipline, and growth of the dividend with earnings.
Tailwinds
- Expected revenues from sales of residential homesites
- Continued cost discipline to maintain an efficient cost structure
- Capital allocation initiatives, including the timing and amount of dividends
- Timing of new projects in 2020
- Continued progress in operations, including revenue growth and bottom line expectations from new projects or phases
Headwinds
- Potential impacts of the ongoing COVID-19 pandemic
- Changes in strategic objectives or the ability to successfully implement such strategic objectives
- Ability to successfully execute newer business ventures, including expansion of portfolio of income producing commercial and multi-family properties, assisted living communities and hotels some or all of which may be negatively impacted by the COVID-19 pandemic
- Potential negative impact of longer-term property development strategy, including losses and negative cash flows for an extended period of time if self-development of granted entitlements continues
- Significant decreases in the market value of investments in securities or any other investments
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 Q3 2020
+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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