NYSE$JOE

The St. Joe Company · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

St. Joe's Q4 2022 results were reported, revealing a decrease in total consolidated revenue to $61.6 million compared to $99.5 million in Q4 2021, with hospitality and leasing revenues increasing while real estate revenue decreased.

St. Joe Company reported a decrease in total consolidated revenue for Q4 2022 to $61.6 million, compared to $99.5 million for the same period in 2021. Hospitality and leasing revenues increased, while real estate revenue decreased. Net income attributable to the Company decreased to $28.1 million, or $0.48 per share, compared to $31.9 million, or $0.54 per share, for the same period in 2021.

  • Total consolidated revenue decreased to $61.6 million compared to $99.5 million in Q4 2021.
  • Hospitality revenue increased to $22.3 million, and leasing revenue increased to $11.0 million.
  • Real estate revenue decreased to $27.0 million.
  • Net income attributable to the Company decreased to $28.1 million, or $0.48 per share.

Headline financials

Total Revenue

$61.6M

Previous: $99.5M-38.1%
EPS (adj)

$0.48

Previous: $0.54-11.1%
Capital Expenditures

$3.96M

Previous: $1.17M+239.7%
Free Cash Flow

$14M

Previous: $45.5M-69.2%
Net Income

$27.6M

Previous: $31.9M-13.5%
Operating Income

$10.2M

Previous: $42M-75.7%
Gross Profit

$10.2M

Previous: $52.2M-80.5%
Cash & Equivalents

$37.7M

Previous: $70.2M-46.3%
Total Assets

$1.43B

Previous: $1.21B+18.4%
Stock-Based Comp

$108K

No prior period

Revenue & EPS history

St. Joe · Revenue · Quarterly

$61.6M

Q4 2022-38.1%vs Q4 2021
Beat estimate in 1 of 1 quarters(100%)
ActualEstimate

Revenue by segment

St. Joe · $60.3M total across 3 segments · Q4 2022

  • Real Estate
    $27M
  • Hospitality
    $22.3M+28.9%
  • Leasing
    $11M+37.5%

Forward guidance

The St. Joe Company anticipates opening five new hotels totaling 646 additional rooms and 519 new multi-family and senior living units in the first six months of 2023. Homesite sales revenue is expected to accelerate due to capital expenditures in various communities. The company is also seeing an easing of supply chain constraints and costs.

Tailwinds

  • Anticipates opening five new hotels totaling 646 additional rooms within the first six months of 2023.
  • Expects to open 519 new multi-family and senior living units in 2023.
  • Homesite sales revenue is expected to accelerate with capital expenditures in various communities.
  • Beginning to see an easing of supply chain constraints and costs.
  • The Latitude Margaritaville Watersound community is expected to increase in ranking and profits.

Headwinds

  • No specific negatives were mentioned in the provided context.

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 Q4 2022

Historical avgQ4 2022

+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

Earnings price reactions
QuarterReport dateReaction (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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