LGI Homes, Inc. (NASDAQ:LGIH) real estate developer, is expected to report third quarter earnings results, before market open, on Tuesday 3rd November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 2.15 per share.
Looking ahead, the full year income are expected at $ 9.38 per share on the revenues of $ 2158.40 million.
Previous Quarter Performance
LGI Homes, Inc. reported income for the second quarter of $ 2.21 per share, from the revenue of $ 481.60 million. The quarterly earnings escalated 21.43 percent compared with the same quarter last year. According to street consensus, LGIH was expected to report 2Q20 income of $ 1.57 per share from revenue of $ 464.57 million. The bottom line results beat street analysts by $ 0.64 or 40.76 percent, at the same time, top line results outshined analysts by $ 17.03 million or 3.67 percent.
Stock Performance
Shares of LGI Homes, Inc. traded up $ 5.07 or 4.74 percent on Monday, reaching $ 111.95 with volume of 307.90 thousand shares. LGI Homes, Inc. has traded high as $ 112.86 and has cracked $ 108.79 on the downward trend
The closing price of $ 111.95, representing a 223.88 % increase from the 52 week low of $ 33.00 and a 19.63 % decrease over the 52 week high of $ 132.98.
The company has a market capital of $ 2.81 billion and is part of the Consumer Cyclical sector and Residential Construction industry.
Conference Call
LGI Homes, Inc. will be hosting a conference call at 12:30 PM eastern time on 3rd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.lgihomes.com
LGI Homes, Inc. engages in the design, construction, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, North Carolina, South Carolina, Colorado, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, Nevada, and West Virginia. It offers entry-level homes, such as detached homes and townhomes, and move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name.
