LGI Homes (LGIH Quick QuoteLGIH - Free Report) reported $390.85 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 19.8%. EPS of $0.72 for the same period compares to $1.14 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $420.15 million, representing a surprise of -6.97%. The company delivered an EPS surprise of -29.41%, with the consensus EPS estimate being $1.02.

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: 120 versus 117 estimated by two analysts on average.
• ASP (Average sales price of homes closed): $360.90 million versus $347.54 million estimated by two analysts on average.
• Home Closings: 1,083 versus the two-analyst average estimate of 1,102.

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

Shares of LGI Homes have returned -16.1% over the past month versus the Zacks S&P 500 composite's -2.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.