LGI Homes Sees FY23 Adj. Gross MArgin 23-25%
Portfolio Pulse from Benzinga Newsdesk
LGI Homes has projected an adjusted gross margin of 23-25% for the fiscal year 2023.
August 01, 2023 | 11:15 am
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LGI Homes has forecasted an adjusted gross margin of 23-25% for FY23. This could indicate the company's confidence in its profitability for the upcoming fiscal year.
The projected gross margin indicates the company's expected profitability. A higher gross margin suggests that the company is expected to retain a larger portion of sales revenue after accounting for the cost of goods sold. This could potentially lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100