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.
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