LGI Homes Inc expected to post earnings of $2.54 a share - Earnings Preview

LGI Homes

16/02/2024 14:10

* LGI Homes Inc  LGIH.OQ   LGIH.O  is expected to show a
rise in
quarterly revenue when it reports  results on February 20 for
the period ending December 31 2023
    * The The Woodlands Texas-based  company is expected to
report a
33.9% increase in revenue to $653.896 million from $488.26
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 $2.54 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"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
$122.50​, below​ its last closing price of $130.60. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2022  1.72        1.68       1.45      Missed  -13.4
 ​​Sep.        3.40        3.50       3.85      Beat    9.9
 30 2022                                                
 Jun. 30 2022  4.24        4.29       5.20      Beat    21.3​
 Mar. 31 2022  2.71        2.72       3.25      Beat    19.6
 Dec. 31 2021  4.32        4.20       4.53      Beat    8
 This summary was machine generated February 16 at 14:10 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)