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LGIH — LGI Homes News Story

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LGI Homes Inc reports results for the quarter ended June 30 - Earnings Summary

LGI Homes Inc LGIH.OQ reported quarterly adjusted earnings of $1.36​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $2.48.  The mean expectation of five analysts for the quarter was for earnings of $1.39 per share. Wall Street expected results to range from $1.09  to $2.28 per share.

Revenue fell 19.8% to $483.49 million from a year ago; analysts expected $477.41 million.

LGI Homes Inc's reported EPS for the quarter was $1.36​.

The company reported quarterly net income of $31.53 million.

LGI Homes Inc shares had risen by 6.1% this quarter and lost 38.9% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 9.5% in the last three months.​

In the last 30 days, two analysts negatively revised earnings estimates

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  "buy."

Wall Street's median 12-month price target for LGI Homes Inc is $89.00, about 38.6% above its last closing price of $54.64

This summary was machine generated from LSEG data August 5 at 01:31 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 ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 20251.391.36Missed
Mar. 31 20250.630.54Missed
Dec. 31 20242.182.15Missed
Sep. 30 20242.542.95Beat

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