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

LGI Homes

31/10/2023 13:32

* LGI Homes Inc  LGIH.OQ  reported quarterly adjusted
earnings of
$2.84​​ per share for the quarter ended in September. The mean
expectation of six analysts for the quarter was for earnings of
$2.18 per share.
    * Revenue rose 12.9% to $617.54 million from a year ago;
analysts
expected $625.23 million. 
    * LGI Homes Inc's reported EPS for the quarter was $2.84​.
    * The mean earnings estimate of analysts had fallen by
about 1.7%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * LGI Homes Inc shares had fallen by 10.7% this quarter and
lost 4.0% so far this year.
    * The company reported quarterly net income of $67.04
million.
    * Wall Street's median 12-month price target for LGI Homes
Inc is
$128.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
October 31 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      1.68           1.45           Missed