LGI Homes (LGIH) Reports Q3 Earnings: What Key Metrics Have to Say
For the quarter ended September 2023, LGI Homes (LGIH) reported revenue of $617.54 million, up 12.9% over the same period last year. EPS came in at $2.84, compared to $3.85 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $606.67 million, representing a surprise of +1.79%. The company delivered an EPS surprise of +44.90%, with the consensus EPS estimate being $1.96.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how LGI Homes performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Community Count at end of period: 106 versus 105 estimated by two analysts on average.
ASP (Average sales price of homes closed): $352.68 million versus the two-analyst average estimate of $351.82 million.
Home Closings: 1,751 versus 1,751 estimated by two analysts on average.
View all Key Company Metrics for LGI Homes here>>>
Shares of LGI Homes have returned -10.9% over the past month versus the Zacks S&P 500 composite's -2.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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LGI Homes, Inc. (LGIH) : Free Stock Analysis Report
