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LGI Homes (DE:LG1)
FRANKFURT:LG1
Holding DE:LG1?
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
€2.25Last Year’s EPS
€2.1Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: -9.33%
|Next Earnings Date:Feb 25, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong revenue, community growth, and improved margins, but also acknowledged challenges with affordability and a slight dip in October closings. The company remains optimistic about the long-term outlook despite current hurdles.Company Guidance
During the LGI Homes Q3 2024 earnings call, the company reported strong financial results with key metrics highlighting their performance. LGI delivered 1,757 homes in the third quarter, achieving a record average selling price (ASP) of over $371,000. This resulted in a revenue of $652 million, marking a 5.6% increase compared to the previous year. The company also expanded its community count to 138, a 30% increase over the prior year, reflecting a strategic focus on land acquisition and development. Despite affordability challenges, LGI maintained robust profitability, with an adjusted gross margin of 27.2% and a pretax net income margin of 14.1%. Diluted earnings per share rose to $2.95, up 4% year-over-year. Looking ahead, LGI Homes expects to close between 6,100 and 6,400 homes in 2024, with an ASP ranging from $360,000 to $370,000 and gross margins between 24% and 25%. The company plans to end 2024 with approximately 150 active communities, anticipating further growth in 2025.Record Revenue and Average Sales Price
Revenue reached $652 million, a 5.6% increase compared to last year. The average sales price was a record $371,004, a 5.2% increase over the same period last year.
Community Count Growth
Ended the third quarter with 138 communities, a 30% increase over the prior year, marking the sixth consecutive quarter of community count expansion.
Adjusted Gross Margin Improvement
Adjusted gross margin improved to 27.2%, up 20 basis points sequentially, reflecting strong pricing and disciplined incentives.
Recognition for Trustworthiness
Recognized by Newsweek for the second consecutive year as one of the world's most trustworthy companies.
Strong Pretax Net Income Margin
Delivered a pretax net income margin of 14.1%, up 130 basis points sequentially.
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DE:LG1 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:LG1 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | €96.50 | €100.00 | +3.63% |
| Jul 30, 2024 | €98.50 | €101.00 | +2.54% |
| Apr 30, 2024 | €89.50 | €87.50 | -2.23% |
| Feb 20, 2024 | €117.00 | €117.00 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does LGI Homes (DE:LG1) report earnings?
LGI Homes (DE:LG1) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is LGI Homes (DE:LG1) earnings time?
LGI Homes (DE:LG1) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of LGI Homes stock?
The P/E ratio of LGI Homes is 10.5.
What is DE:LG1 EPS forecast?
DE:LG1 EPS forecast for the fiscal quarter 2024 (Q4) is €2.25.
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