Stock Track | LGI Homes Soars 11.32% in Pre-market on Strong Q1 Earnings Beat and Raised Guidance
Stock Track
Apr 28
LGI Homes' stock price surged 11.32% during pre-market trading on Tuesday, following the release of its first quarter 2026 financial results.
The homebuilder reported adjusted earnings per share of $0.24, significantly exceeding the Ibes estimate of $0.02. The company also announced first quarter home sales revenue of $319.7 million, with an adjusted gross margin of 20.2% and a pretax profit of $4.3 million.
Additionally, LGI Homes raised its full-year margin guidance and provided positive forward outlook, expecting FY2026 home closings between 4,600 and 5,400 homes with an average sales price per home closed in the range of $355,000 to $365,000.
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