LGI Homes (LGIH) Reports In-Line Q3 EPS

LGI Homes (NASDAQ: LGIH) reported Q3 EPS of $0.34, in-line with the analyst estimate of $0.34. Revenue for the quarter came in at $92.5 million versus the consensus estimate of $89.9 million.

• Home Closings Increased 24.3% to 557 Homes
• Average Home Sales Price Increased 9.4% to $166,097
• Adjusted Gross Margin as a Percentage of Home Sales Revenues Increased 80 Basis Points to 28.3%
• Active Selling Communities at Quarter-end Increased to 34 from 22
• Total Owned and Controlled Lots Increased to 21,638

For earnings history and earnings-related data on LGI Homes (LGIH) click here.

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