NASDAQ$LGIH
LGI Homes Inc. · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
LGI Homes reported record results driven by increased home closings and average sales price.
LGI Homes reported a record-breaking fourth quarter and full year in 2020. In the fourth quarter, home closings increased by 35.5% to 3,408 homes, and home sales revenues increased by 48.2% to $897.4 million. Net income increased by 110.3% to $136.4 million, or $5.34 diluted EPS.
- Net income increased 110.3% to $136.4 million, or $5.34 Diluted EPS.
- Home Sales Revenues increased 48.2% to $897.4 million.
- Home Closings increased 35.5% to 3,408 homes.
- Average Sales Price Per Home Closed increased 9.3% to $263,321.
Headline financials
Revenue & EPS history
LGI Homes · Revenue · Quarterly
$897M
Forward guidance
The Company is providing the following guidance for the full year 2021.
Tailwinds
- Home closings will be between 9,200 and 9,800
- Active selling communities at the end of 2021 will be between 112 and 120
- Average sales price per home closed will be between $260,000 and $270,000
- Gross margin as a percentage of home sales revenues will be between 24.0% and 26.0%
- Adjusted gross margin (non-GAAP) as a percentage of home sales revenues will be between 26.0% and 28.0% with capitalized interest accounting for substantially all the difference between gross margin and adjusted gross margin
Headwinds
- SG&A as a percentage of home sales revenues will be between 10.3% and 10.8%
- Effective tax rate for 2021 will be between 21.5% and 22.5%
- This outlook assumes that general economic conditions, including interest rates and mortgage availability, in the remainder of 2021 are similar to those experienced to date in 2021
- Average sales price per home closed, construction costs, availability of land, land development costs and overall absorption rates in the remainder of 2021 are consistent with the Company’s recent experience.
- Governmental regulations relating to land development, home construction and COVID-19
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2020
+0.3%
Avg return
Earnings day
-0.7%
Avg return
5 days after
+1.5%
Avg return
30 days after
51%
25 / 49 earnings
Positive
+27.0%
Q2 2015
Best reaction
-16.7%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +7.7% | +7.1% | +7.5% | |
| Q4 2025 | -4.4% | -8.8% | -39.1% | |
| Q3 2025 | +9.3% | +14.7% | +24.3% | |
| Q1 2025 | -7.8% | -7.0% | -14.4% | |
| Q3 2024 | +6.2% | +5.4% | +2.1% | |
| Q2 2024 | +9.6% | +1.5% | +1.6% | |
| Q1 2024 | -6.9% | +0.7% | -0.6% | |
| Q4 2023 | -9.7% | -10.7% | -11.2% | |
| Q3 2023 | +12.6% | +25.0% | +32.8% | |
| Q2 2023 | +0.6% | -2.9% | -11.3% | |
| Q1 2023 | -1.6% | -2.6% | -3.1% | |
| Q4 2022 | -8.7% | -8.0% | -2.7% | |
| Q3 2022 | -9.4% | -9.5% | +11.1% | |
| Q2 2022 | -6.6% | -5.4% | -18.9% | |
| Q1 2022 | +6.9% | -0.2% | +1.0% | |
| Q4 2021 | +5.4% | +2.3% | +1.4% | |
| Q3 2021 | -10.2% | -10.5% | -0.7% | |
| Q2 2021 | -8.2% | -8.5% | -5.7% | |
| Q1 2021 | +0.0% | +6.6% | -0.3% | |
| Q4 2020 | +0.7% | -5.1% | +25.8% | |
| Q3 2020 | +8.1% | +4.8% | -4.3% | |
| Q2 2020 | -1.3% | -5.2% | -2.8% | |
| Q1 2020 | +6.7% | +13.9% | +36.4% | |
| Q4 2019 | -16.7% | -19.0% | -45.0% | |
| Q3 2019 | -1.1% | -6.9% | -1.1% | |
| Q2 2019 | +9.7% | +10.8% | +21.4% | |
| Q1 2019 | -5.4% | -2.7% | +2.3% | |
| Q4 2018 | -3.5% | -4.7% | -1.2% | |
| Q3 2018 | -12.0% | -8.9% | -2.6% | |
| Q2 2018 | +13.3% | +16.9% | +5.9% | |
| Q1 2018 | -16.7% | -18.0% | -21.3% | |
| Q4 2017 | -14.9% | -14.4% | +6.1% | |
| Q3 2017 | +1.5% | +2.0% | +13.5% | |
| Q2 2017 | -3.7% | -4.1% | -8.1% | |
| Q1 2017 | +10.7% | +9.3% | +24.6% | |
| Q4 2016 | +13.7% | +11.2% | +9.2% | |
| Q3 2016 | +0.5% | -0.6% | +5.7% | |
| Q2 2016 | +6.9% | +5.7% | +20.4% | |
| Q1 2016 | -10.2% | — | — | |
| Q4 2015 | +6.6% | — | — | |
| Q3 2015 | -3.5% | — | — | |
| Q2 2015 | +27.0% | — | — | |
| Q1 2015 | +2.4% | — | — | |
| Q4 2014 | +8.5% | — | — | |
| Q3 2014 | -5.5% | — | — | |
| Q2 2014 | -1.8% | — | — | |
| Q1 2014 | +11.6% | — | — | |
| Q4 2013 | -7.5% | — | — | |
| Q3 2013 | +5.4% | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2012 | — | — | — | |
| Q3 2012 | — | — | — |
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