LGI Homes Inc expected to post earnings of $2.18 a share - Earnings Preview

LGI Homes

27/10/2023 19:35

* LGI Homes Inc  LGIH.OQ   LGIH.O  is expected to show a
rise in
quarterly revenue when it reports  results 
    * The The Woodlands Texas-based  company is expected to
report  a
14.3% increase in revenue to $625.233 million from $547.07
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 $2.18 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and 1 "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
$128​, above​ its last closing price of $87.91. ​​​

The company's guidance on August 1 2023 for the period ended
September 30 was for gross profit margin of 29.97%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2022  1.72        1.68       1.45      Missed  -13.4​
 Sep. 30 2022  3.40        3.50       3.85      Beat    9.9
 ​​Jun.        4.24        4.29       5.20      Beat    21.3
 30 2022                                                
 Mar. 31 2022  2.71        2.72       3.25      Beat    19.6​
 Dec. 31 2021  4.32        4.20       4.53      Beat    8
 Sep. 30 2021  3.96        3.95       4.05      Beat    2.4
 This summary was machine generated October 27 at 18:34 GMT.  All
figures in US dollars  unless otherwise stated