LGI Homes (LGIH) Q1 Earnings and Revenues Lag Estimates

Company Performance - LGI Homes reported quarterly earnings of $0.46 per share, missing the Zacks Consensus Estimate of $0.75 per share, and down from $0.72 per share a year ago, indicating a significant earnings surprise of -38.67% [1][2] - The company posted revenues of $351.42 million for the quarter, missing the Zacks Consensus Estimate by 3.70%, and down from $390.85 million year-over-year [3] Market Position - LGI Homes shares have declined approximately 33.7% since the beginning of the year, contrasting with the S&P 500's decline of -6% [4] - The current Zacks Rank for LGI Homes is 5 (Strong Sell), indicating expectations of underperformance in the near future [7] Future Outlook - The consensus EPS estimate for the upcoming quarter is $1.95 on revenues of $595.31 million, and for the current fiscal year, it is $8.47 on revenues of $2.52 billion [8] - The Real Estate - Development industry, to which LGI Homes belongs, is currently ranked in the bottom 9% of over 250 Zacks industries, suggesting a challenging environment for the company [9]