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

LGI Homes

03/05/2022 19:07

* LGI Homes Inc  LGIH.OQ  reported quarterly adjusted
earnings of
$3.25​​ per share for the quarter ended in March. The mean
expectation of seven analysts for the quarter was for earnings
of $2.72 per share.
    * Revenue fell 22.7% to $546.05 million from a year ago; 
analysts
expected $523.98 million. 
    * LGI Homes Inc's reported EPS for the quarter was $3.25​.
    * The mean earnings estimate of analysts had fallen by
about 20.3%
in the last three months.​ 
    * In the last 30 days five analysts negatively revised
earnings
estimates 
    * LGI Homes Inc shares had risen by 0.3% this quarter and
lost 36.6% so far this year.
    * The company reported quarterly net income of $78.69
million.
    * Wall Street's median 12-month price target for LGI Homes
Inc is
$117.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated May 3 at 06:07 p.m.  ​All
figures in US dollars unless otherwise stated