LGI Homes Q2 2024 GAAP EPS $2.48 Beats $2.22 Estimate, Sales $602.497M Miss $625.200M Estimate
Portfolio Pulse from Benzinga Newsdesk
LGI Homes (NASDAQ:LGIH) reported Q2 2024 earnings per share (EPS) of $2.48, beating the analyst estimate of $2.22. However, the company's sales of $602.497 million missed the estimate of $625.200 million and were down 6.63% from the same period last year.
July 30, 2024 | 11:08 am
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LGI Homes reported Q2 2024 EPS of $2.48, beating estimates by 11.71%. However, sales of $602.497 million missed estimates and were down 6.63% year-over-year.
While LGI Homes beat EPS estimates significantly, the miss on sales and the year-over-year decline in revenue could create mixed reactions in the market. Investors may be concerned about the declining sales trend, which could offset the positive EPS news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100