LGI Homes Inc expected to post earnings of $1.06 a share - Earnings Preview

LGI Homes

26/04/2024 15:03

* LGI Homes Inc  LGIH.OQ   LGIH.O  is expected to show a
fall in
quarterly revenue when it reports  results on April 30 for the
period ending March 31 2024
    * The The Woodlands Texas-based  company is expected to
report a
17.9% decrease in revenue to $400.005 million from $487.36
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data. (Sales/Revenue Majority Basis is
on Consolidated Revenue)
    * ​LSEG's mean analyst estimate for LGI Homes Inc is for
earnings
of $1.06 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for LGI Homes
Inc is
$118.00​, above​ its last closing price of $94.88. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  2.40        2.54       2.19      Missed  -13.9
 Sep. 30 2023  2.11        2.18       2.84      Beat    30.2
 Jun. 30 2023  1.85        1.84       2.25      Beat    22.4​
 Mar. 31 2023  1.17        1.25       1.14      Missed  -8.9
 ​​Dec.        1.72        1.68       1.45      Missed  -13.4
 31 2022                                                
 Sep. 30 2022  3.40        3.50       3.85      Beat    9.9​
 Jun. 30 2022  4.24        4.29       5.20      Beat    21.3
 Mar. 31 2022  2.71        2.72       3.25      Beat    19.6
 This summary was machine generated April 26 at 14:03 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)