LGI Homes (LGIH) Q1 Earnings and Revenues Lag Estimates

LGI Homes (LGIH) came out with quarterly earnings of $0.46 per share, missing the Zacks Consensus Estimate of$ 0.75 per share. This compares to earnings of $0.72 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -38.67%. A quarter ago, it was expected that this entry-level homebuilder in the Texas, Arizona, Florida and Georgia markets would post earnings of$ 2.31 per share when it actually produced earnings of $2.15, delivering ...