Reflecting On Home Builders Stocks' Q2 Earnings: LGI Homes (NASDAQ:LGIH) [Yahoo! Finance]
LGI Homes, Inc. (LGIH)
Last lgi homes, inc. earnings: 2/25 07:00 am
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US:NASDAQ Investor Relations:
investor.lgihomes.com/investor-relations
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Source: Yahoo! Finance
Traditionally, homebuilders have built competitive advantages with economies of scale that lead to advantaged purchasing and brand recognition among consumers. Aesthetic trends have always been important in the space, but more recently, energy efficiency and conservation are driving innovation. However, these companies are still at the whim of the macro, specifically interest rates that heavily impact new and existing home sales. In fact, homebuilders are one of the most cyclical subsectors within industrials. The 12 home builders stocks we track reported a satisfactory Q2. As a group, revenues beat analysts' consensus estimates by 2.8%. Stocks, especially growth stocks with cash flows further into the future, had a good end of 2023. On the other hand, this year has seen more volatile stock market swings due to mixed inflation data. However, home builders stocks have held steady amidst all this with share prices up 2.5% on average since the latest earnings results. LGI Homes (N
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LGIH
News
- LGI Homes Recognized as one of the World’s Most Trustworthy Companies for the Second Consecutive Year by NewsweekGlobeNewswire
- LGI Homes Launches its Largest National Sales Event of the Year [Yahoo! Finance]Yahoo! Finance
- LGI Homes Launches its Largest National Sales Event of the YearGlobeNewswire
- LGI Homes, Inc. (NASDAQ: LGIH) was upgraded by analysts at Wedbush from an "underperform" rating to a "neutral" rating. They now have a $125.00 price target on the stock, up previously from $97.00.MarketBeat
- LGI Homes, Inc. Reports August 2024 Home ClosingsGlobeNewswire
LGIH
Earnings
- 7/30/24 - Beat
LGIH
Sec Filings
- 9/20/24 - Form 4
- 7/30/24 - Form 10-Q
- 7/30/24 - Form 8-K
- LGIH's page on the SEC website