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

LGI Homes

01/08/2023 14:32

* LGI Homes Inc  LGIH.OQ  reported quarterly adjusted
earnings of
$2.25​​ per share for the quarter ended in June. The mean
expectation of six analysts for the quarter was for earnings of
$1.84 per share.
    * Revenue fell 10.8% to $645.27 million from a year ago;
analysts
expected $634.05 million. 
    * LGI Homes Inc's reported EPS for the quarter was $2.25​.
    * The mean earnings estimate of analysts had risen by
about 10.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * LGI Homes Inc shares had risen by 2.9% this quarter and
gained 49.8% so far this year.
    * The company reported quarterly net income of $53.13
million.
    * Wall Street's median 12-month price target for LGI Homes
Inc is
$119.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 1 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.84           2.25           Beat
 Mar. 31 2023      1.25           1.14           Missed
 Dec. 31 2022      1.68           1.45           Missed
 Sep. 30 2022      3.50           3.85           Beat