LGI HomesNASDAQ: LGIH

LGI Homes, Inc. (NASDAQ:LGIH) held its Q1 2024 Earnings Conference Call on April 30, 2024 at 12:30 PM ET. Participants included Joshua Fattor, Eric Lipar, and Charles Merdian. Conference Call Participants included Andrew Azzi, Carl Reichardt, Alex Barron, and Jay McCanless. The call was recorded and a replay will be available on LGI Homes' website at www.lgihomes.com.

Although the financial results for LGI Homes (LGIH) in the first quarter of 2024 provide an overall picture of the company's performance, it may be beneficial to examine how certain key metrics stack up against analyst forecasts and figures from the same period last year.

LGI Homes has seen significant fluctuations in its stock price in the last year due to factors like interest rates. Although sales may be affected by these external factors, there is potential for long-term growth for LGI through higher absorption rates and expanding community count. I believe LGIH could reach the mid to upper $100 range per share, especially with the anticipated release of inventory leading to higher cash flow.

THE WOODLANDS, Texas, April 03, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 482 homes in March 2024. The Company closed 1,083 homes during the first quarter of 2024.

While the top- and bottom-line numbers for LGI Homes (LGIH) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

THE WOODLANDS, Texas, Jan. 04, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 676 homes in December 2023 compared to 504 homes in December 2022, representing year-over-year growth of 34.1%. As a result, the Company closed a total of 1,758 homes in the fourth quarter, representing year-over-year growth of 21.4%, and 6,729 homes for the full year 2023, representing year-over-year growth of 1.6%.

LGI Homes, Inc. stock gained 6.3% after reporting earnings, with a return to pre-pandemic margin levels. The company's gross margins have improved, driven by pricing power through strong demand, lower input costs, and mix improvements. LGIH's revenue growth is modest but is expected to continue as the company plans to expand its number of communities.

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LGI Homes, Inc. (NASDAQ:LGIH ) Q3 2023 Earnings Conference Call October 31, 2023 12:30 PM ET Company Participants Joshua Fattor - Vice President of Investor Relations & Capital Markets Eric Lipar - Chairman of the Board & Chief Executive Officer Charles Merdian - Chief Financial Officer & Treasurer Conference Call Participants Andrew Azzi - JPMorgan Truman Patterson - Wolfe Ken Zener - Seaport Research Carl Reichardt - BTIG Jay McCanless - Wedbush Operator Welcome to LGI Homes Third Quarter 2023 Conference Call. Today's call is being recorded and a replay will be available on the company's website at www.lgihomes.com.