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LGI Homes (LGIH)
NASDAQ:LGIH
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.84Last Year’s EPS
0.72Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: -3.37%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a balanced view with significant achievements such as record community count growth and improved margins, offset by challenges such as decreased revenue and the impact of rising mortgage rates. LGI Homes, Inc. exhibited strong strategic investment and market performance but faces affordability challenges and increased expenses.Company Guidance
During the LGI Homes, Inc. fourth-quarter 2024 conference call, management provided guidance for 2025, projecting full-year closings between 6,200 and 7,000 homes, with an expected average sales price ranging from $360,000 to $370,000. The company aims to end 2025 with 160 to 170 active selling communities, indicating a community count growth of approximately 9% at the midpoint. Despite anticipated cost inflation, LGI Homes expects to maintain gross margins between 23.2% and 24.2% and adjusted gross margins between 25.5% and 26.5%. Selling, general, and administrative expenses are projected to range from 14% to 15% of revenue, with a full-year tax rate of about 24.5%. The company plans to continue offering incentives, valued at around $20,000 per home, to address affordability challenges while maintaining strong operational discipline and supporting sustainable growth.Record Community Count Growth
LGI Homes, Inc. opened 80 new communities in 2024, bringing the total to a record-breaking 151 active communities, representing a year-over-year increase of 29%.
Improved Gross and Adjusted Margins
Full-year gross margin increased by 120 basis points to 24.2%, and adjusted gross margin increased by 160 basis points to 26.3% compared to the prior year.
Increased Average Sales Price
The full-year average sales price increased by 4.2% to $365,394.
Successful Strategic Investments
Continued strategic investments in land, inventory, and operating platforms to support growth and affordability.
Strong Performance in Key Markets
Top markets such as Charlotte, Las Vegas, Washington DC, Raleigh, and Fort Pierce showed strong closings per community per month, contributing to the overall success.
Healthy Backlog Management
The company ended the year with 599 homes in backlog, valued at $236.5 million, despite a softer demand environment.
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LGIH 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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LGIH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | $75.99 | $77.91 | +2.53% |
| Nov 05, 2024 | $103.54 | $111.16 | +7.36% |
| Jul 30, 2024 | $104.95 | $119.40 | +13.77% |
| Apr 30, 2024 | $96.04 | $89.93 | -6.36% |
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 (LGIH) report earnings?
LGI Homes (LGIH) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is LGI Homes (LGIH) earnings time?
LGI Homes (LGIH) earnings time is at May 06, 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 LGIH EPS forecast?
LGIH EPS forecast for the fiscal quarter 2025 (Q1) is 0.84.
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