Taylor Morrison Home Corp reports results for the quarter ended in June - Earnings Summary
24/07/2024 15:21
* Taylor Morrison Home Corp TMHC.N reported quarterly
adjusted
earnings of $1.97 per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of $2.12. The mean expectation of eight analysts for the
quarter was for earnings of $1.90 per share. Wall Street
expected results to range from $1.81 to $2.01 per share.
* Revenue fell 6.8% to $1.92 billion from a year ago;
analysts
expected $1.84 billion.
* Taylor Morrison Home Corp's reported EPS for the quarter
was
$1.86.
* The company reported quarterly net income of $199.46
million.
* Taylor Morrison Home Corp shares had risen by 18.9% this
quarter and gained 23.6% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 0.3%
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 2 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell."
* The average consensus recommendation for the homebuilding
peer
group is also "hold"
Wall Street's median 12-month price target for Taylor Morrison
Home Corp is $62.00
This summary was machine generated from LSEG data July 24 at
02:21 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
Jun. 30 2024 1.90 1.97 Beat
Mar. 31 2024 1.60 1.75 Beat
Dec. 31 2023 1.74 1.58 Missed
Sep. 30 2023 1.55 1.57 Beat