LGI Homes Inc expected to post earnings of $1.84 a share - Earnings Preview

LGI Homes

28/07/2023 17:54

* LGI Homes Inc  LGIH.OQ   LGIH.O  is expected to show a
fall in
quarterly revenue when it reports  results on August 1. 
    * The The Woodlands Texas-based  company is expected to
report  a
12.3% decrease in revenue to $634.05 million from $723.07
million a year ago, according to the mean estimate from 6
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for LGI Homes Inc is
for
earnings of $1.84 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"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
$119.5​, below​ its last closing price of $132.01. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  1.17        1.25       1.14      Missed  -8.9
 Dec. 31 2023  1.72        1.68       1.45      Missed  -13.4
 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.        2.71        2.72       3.25      Beat    19.6
 31 2022                                                
 Dec. 31 2021  4.32        4.20       4.53      Beat    8​
 Sep. 30 2021  3.96        3.95       4.05      Beat    2.4
 Jun. 30 2021  4.02        3.92       4.71      Beat    20.1
 This summary was machine generated July 28 at 16:54 GMT.  All
figures in US dollars  unless otherwise stated