LGI Homes Q4 EPS $2.19 Misses $2.54 Estimate, Sales $608.41M Miss $653.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
LGI Homes (NASDAQ:LGIH) reported Q4 earnings of $2.19 per share, missing the consensus estimate of $2.54, and sales of $608.41M, missing the estimate of $653.90M. Despite the misses, earnings and sales increased by 51.03% and 24.61% respectively, compared to the same period last year.
February 20, 2024 | 12:04 pm
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LGI Homes reported lower-than-expected Q4 earnings and sales, with EPS at $2.19 vs. $2.54 estimate and sales at $608.41M vs. $653.90M estimate. However, both earnings and sales showed significant year-over-year growth.
Missing the consensus estimates for both earnings per share and sales typically has a negative short-term impact on a company's stock price. However, the significant year-over-year growth in both metrics may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100