What to Expect From LGI Homes’ Upcoming Q4 Results?
<p>Wedbush analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/LGIH'>LGI Homes, Inc. (NASDAQ:LGIH)</a> ahead of the upcoming Q4 results, lowering their EPS estimate to $1.17 from $1.48 and their sales estimate to $487 million from $526 million to reflect the lower than expected closings. Street estimates stand at $1.80 and $554 million for EPS and sales, respectively.</p>
<p>Their Q4 gross margin estimate moved to 20.0% from 21.0% and their SG&A/sales ratio increased to 12.6% from 12.3% due to the lower closings as well. </p>
<p>The analysts did not change their Q4 average closing price estimate of $336,000 which was below the guidance of $340,000 to $350,000 provided by the company. </p>
<p>The analysts continue to expect a demand turn in mid-2023 and their new 2023 EPS of $9.55 is above the Street estimate of $9.21 as a result.</p>

NASDAQ:LGIH