Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at LGI Homes (NASDAQ: LGIH) and its peers.

Traditionally, homebuilders have built competitive advantages with economies of scale that lead to advantaged purchasing and brand recognition among consumers. Aesthetic trends have always been important in the space, but more recently, energy efficiency and conservation are driving innovation. However, these companies are still at the whim of the macro, specifically interest rates that heavily impact new and existing home sales. In fact, homebuilders are one of the most cyclical subsectors within industrials.

The 13 home builders stocks we track reported a mixed Q3. As a group, revenues beat analysts’ consensus estimates by 3.3% while next quarter’s revenue guidance was in line.

In light of this news, share prices of the companies have held steady as they are up 3.8% on average since the latest earnings results.

LGI Homes (NASDAQ: LGIH)

Based in Texas, LGI Homes (NASDAQ: LGIH) is a homebuilding company specializing in constructing affordable, entry-level single-family homes in desirable communities across the United States.

LGI Homes reported revenues of $396.6 million, down 39.2% year on year. This print exceeded analysts’ expectations by 1.6%. Despite the top-line beat, it was still a softer quarter for the company with a significant miss of analysts’ adjusted operating income estimates.

“We are pleased with our third quarter results, which met our stated guidance and reflect the disciplined execution of our teams as we continue to deliver on our strategic objectives,” said Eric Lipar, Chairman and Chief Executive Officer of LGI Homes.

LGI Homes delivered the slowest revenue growth of the whole group. Interestingly, the stock is up 15.7% since reporting and currently trades at $47.13.

Read our full report on LGI Homes here, it’s free.

Best Q3: Champion Homes (NYSE: SKY)

Founded in 1951, Champion Homes (NYSE: SKY) is a manufacturer of modular homes and buildings in North America.

Champion Homes reported revenues of $684.4 million, up 11% year on year, outperforming analysts’ expectations by 6.9%. The business had an incredible quarter with an impressive beat of analysts’ EBITDA estimates.

Champion Homes achieved the fastest revenue growth among its peers. The market seems happy with the results as the stock is up 36.7% since reporting. It currently trades at $90.92.

Is now the time to buy Champion Homes? Access our full analysis of the earnings results here, it’s free.

Weakest Q3: Meritage Homes (NYSE: MTH)

Originally founded in 1985 in Arizona as Monterey Homes, Meritage Homes (NYSE: MTH) is a homebuilder specializing in designing and constructing energy-efficient and single-family homes in the US.

Meritage Homes reported revenues of $1.42 billion, down 10.8% year on year, falling short of analysts’ expectations by 3.4%. It was a disappointing quarter as it posted a significant miss of analysts’ revenue estimates and a significant miss of analysts’ adjusted operating income estimates.

Meritage Homes delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 2.2% since the results and currently trades at $69.51.

Read our full analysis of Meritage Homes’s results here.

D.R. Horton (NYSE: DHI)

One of the largest homebuilding companies in the U.S., D.R. Horton (NYSE: DHI) builds a variety of new construction homes across multiple markets.

D.R. Horton reported revenues of $9.68 billion, down 3.2% year on year. This number beat analysts’ expectations by 2.7%. Zooming out, it was a slower quarter as it logged a significant miss of analysts’ adjusted operating income estimates.

D.R. Horton achieved the highest full-year guidance raise among its peers. The stock is down 6.6% since reporting and currently trades at $148.40.

Read our full, actionable report on D.R. Horton here, it’s free.

KB Home (NYSE: KBH)

The first homebuilder to be listed on the NYSE, KB Home (NYSE: KB) is a homebuilding company targeting the first-time home buyer and move-up buyer markets.

KB Home reported revenues of $1.69 billion, down 15.3% year on year. This print topped analysts’ expectations by 2.3%. Taking a step back, it was a softer quarter as it recorded a significant miss of analysts’ adjusted operating income estimates.

The stock is down 6.2% since reporting and currently trades at $58.85.

Read our full, actionable report on KB Home here, it’s free.

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