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Earnings to watch: LGI Homes (LGIH) reports Q3 results tomorrow
LGI Homes is scheduled to report its third-quarter results Tuesday before the market opens. Analysts expect revenue to rise 9.2% year on year, after a 39.2% decline in the same quarter last year. Last quarter, revenue was $501.5 million, up 3.7%, and earnings per share matched estimates.
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What happened
LGI Homes is scheduled to report its third-quarter results Tuesday before the market opens. Analysts expect revenue to rise 9.2% year on year, after a 39.2% decline in the same quarter last year. Last quarter, revenue was $501.5 million, up 3.7%, and earnings per share matched estimates.
Confirmed
Global impact / market context
The results will show whether LGI Homes can turn the expected revenue rebound into actual sales. Revenue growth could support cash coming into the business, while weaker-than-expected home sales could constrain funds available for building homes and other company needs.
Analyst inference
Analyst estimates were generally unchanged over the past 30 days, but LGI Homes has missed revenue forecasts multiple times in the last two years. Peer results were mixed: KB Home revenue fell 20%, while D.R. Horton’s fell 3.2%.
Confirmed
What to watch
- Check reported third-quarter revenue against the expected 9.2% year-on-year increase; the comparison will indicate whether the expected rebound occurred. Confirmed
- Look for any company comments on home sales and building plans, which could clarify how revenue trends may affect future construction spending. Analyst inference
- Compare LGI Homes’ results with the reported peer declines: KB Home’s revenue fell 20% and D.R. Horton’s fell 3.2%. Confirmed