Taylor Morrison Home Corp reports results for the quarter ended in December - Earnings Summary

Taylor Morrison Home

14/02/2024 14:31

* Taylor Morrison Home Corp  TMHC.N  reported quarterly
adjusted
earnings of $1.58​​ per share for the quarter ended in December,
lower than the same quarter last year, when the company reported
EPS of $2.68.  The mean expectation of nine analysts for the
quarter was for earnings of $1.74 per share. Wall Street
expected results to range from $1.34  to $1.88 per share.
    * Revenue fell 18.5% to $1.94 billion from a year ago;
analysts
expected $1.84 billion. 
    * Taylor Morrison Home Corp's reported EPS for the quarter
was
$1.58​.
    * The company reported quarterly net income of $172.59
million.
    * Taylor Morrison Home Corp shares had fallen by 0.6% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Taylor
Morrison
Home Corp is $56.00 

This summary was machine generated from LSEG data February 14 at
02:30 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      1.74           1.58           Missed
 Sep. 30 2023      1.55           1.57           Beat
 Jun. 30 2023      1.68           2.12           Beat
 Mar. 31 2023      1.35           1.74           Beat