* LGI Homes Inc reported quarterly adjusted earnings of $2.95 per share for the quarter ended January 1, higher than the same quarter last year, when the company reported EPS of $2.84. The mean expectation of six analysts for the quarter was for earnings of $2.54 per share. Wall Street expected results to range from $2.32 to $2.71 per share.
* Revenue rose 5.6% to $651.85 million from a year ago; analysts expected $646.46 million.
* LGI Homes Inc's reported EPS for the quarter was $2.95.
* The company reported quarterly net income of $69.58 million.
* LGI Homes Inc shares had fallen by 12.6% this quarter and lost 22.2% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 4.9% 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," 3 "hold" and 2 "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 120.00 This summary was machine generated from LSEG data November 6 at 04:59 a.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
Sep. 30 2024 2.54 2.95 Beat
Jun. 30 2024 2.18 2.48 Beat
Mar. 31 2024 1.06 0.72 Missed
Dec. 31 2023 2.54 2.19 Missed
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