LGI Homes Inc (NASDAQ: LGIH) has reported earnings for its first fiscal quarter (ending March 31) of $0.72 versus $1.15 for the same period a year ago — a decline of -37%. This result fell short of the consensus estimate of $1.41 by $-0.69. For the latest four quarters through March 31, E.P.S. were $8.04 compared to $11.73 a year ago — a decline of -31%.
Recent Price Action
LGI Homes Inc (NASDAQ: LGIH) stock closed at $89.93 on 4/30/24 after a large decline of -6.4%. Moreover, trading volume in this decline was exceptionally high at 215% of normal. The stock has been weak relative to the market over the last nine months and has declined -4.2% during the last week.
Current PriceTarget Research Rating
LGIH is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
LGI Homes has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. LGI Homes has a very high Appreciation Score of 89 but a slightly negative Power Rating of 39, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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