LGI Homes (LGIH Quick QuoteLGIH - Free Report) reported $602.5 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 6.6%. EPS of $2.48 for the same period compares to $2.25 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $634.8 million, representing a surprise of -5.09%. The company delivered an EPS surprise of +10.71%, with the consensus EPS estimate being $2.24.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how LGI Homes performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Community Count at end of period: 128 versus 128 estimated by two analysts on average.
• ASP (Average sales price of homes closed): $364.05 million versus the two-analyst average estimate of $356.50 million.
• Home Closings: 1,655 versus 1,655 estimated by two analysts on average.

View all Key Company Metrics for LGI Homes here>>>

Shares of LGI Homes have returned +18.2% over the past month versus the Zacks S&P 500 composite's +0.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.