Yahoo Finance LGI Homes First Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags
LGI Homes (NASDAQ:LGIH) First Quarter 2023 Results
Key Financial Results
Revenue: US$487.4m (down 11% from 1Q 2022).
Net income: US$27.0m (down 66% from 1Q 2022).
Profit margin: 5.5% (down from 14% in 1Q 2022). The decrease in margin was driven by lower revenue.
EPS: US$1.15 (down from US$3.30 in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
LGI Homes Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) missed analyst estimates by 9.0%.
Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 2.2% growth forecast for the Consumer Durables industry in the US.
Performance of the American Consumer Durables industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for LGI Homes (1 is potentially serious!) that we have uncovered.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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