LGI Homes Q2 EPS $2.25 Beats $1.90 Estimate, Sales $645.27M Miss $648.04M Estimate
Portfolio Pulse from Benzinga Newsdesk
LGI Homes reported Q2 earnings of $2.25 per share, beating the analyst consensus estimate of $1.90 by 18.42%. However, this is a 56.73% decrease from the same period last year. The company's quarterly sales of $645.27 million missed the analyst consensus estimate of $648.04 million by 0.43%, marking a 10.76% decrease from last year.
August 01, 2023 | 11:13 am
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NEGATIVE IMPACT
LGI Homes' Q2 earnings beat estimates but are down YoY. Sales also missed estimates and are down YoY.
LGI Homes' Q2 earnings beat estimates, which is positive. However, the YoY decrease in both earnings and sales, as well as sales missing estimates, could negatively impact the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100