Shares in Bovis Homes were down on the FTSE 250 in afternoon trading ahead of the housebuilder's full year results, expected on Monday.
In January the group indicated that full year profits would be higher than analysts previously thought. The group was aided by higher average sale prices and lower build costs.
Keith Bowman, analyst at Hargreaves Lansdown, said ahead of the results, "On a consensus forecast basis, pre-tax profit is forecast to rise by 286 per cent to £18.5 million, up from the £16.3 million consensus forecast as of the January update. Ahead of the announcement, market consensus opinion currently denotes a hold."
By 13:50 shares in Bovis Homes were down 2.65 per cent on the FTSE 250 to 429.10 pence per share.