LGI Homes: Q4 Earnings Snapshot
By AP News
Published - Feb 20, 2024, 07:21 AM ET
Last Updated - Feb 20, 2024, 07:21 AM EST
THE WOODLANDS, Texas (AP) — THE WOODLANDS, Texas (AP) — LGI Homes Inc. (LGIH) on Tuesday reported fourth-quarter earnings of $52.1 million.
On a per-share basis, the The Woodlands, Texas-based company said it had profit of $2.19.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.69 per share.
The entry-level homebuilder in the Texas, Arizona, Florida and Georgia markets posted revenue of $608.4 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $692.4 million.
