LGI Homes Inc reports results for the quarter ended in December - Earnings Summary

LGI Homes

20/02/2024 14:31

* LGI Homes Inc  LGIH.OQ  reported quarterly adjusted
earnings of
$2.19​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of
$1.45.  The mean expectation of six analysts for the quarter was
for earnings of $2.54 per share. Wall Street expected results to
range from $2.17  to $3.52 per share.
    * Revenue rose 24.6% to $608.41 million from a year ago;
analysts
expected $653.90 million. 
    * LGI Homes Inc's reported EPS for the quarter was $2.19​.
    * The company reported quarterly net income of $52.09
million.
    * LGI Homes Inc shares had fallen by 4.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the homebuilding
peer
group is also "hold"

Wall Street's median 12-month price target for LGI Homes Inc is
$122.50 
This summary was machine generated from LSEG data February 20 at
02:30 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      2.54           2.19           Missed
 Sep. 30 2023      2.18           2.84           Beat
 Jun. 30 2023      1.84           2.25           Beat
 Mar. 31 2023      1.25           1.14           Missed