Taylor Morrison Home Corp reports results for the quarter ended in March - Earnings Summary
30/04/2024 14:52
* Taylor Morrison Home Corp TMHC.N reported quarterly
adjusted
earnings of $1.75 per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of $1.74. The mean expectation of eight analysts
for the quarter was for earnings of $1.60 per share. Wall Street
expected results to range from $1.51 to $1.66 per share.
* Revenue rose 1.5% to $1.64 billion from a year ago;
analysts
expected $1.64 billion.
* Taylor Morrison Home Corp's reported EPS for the quarter
was
$1.75.
* The company reported quarterly net income of $190.27
million.
* Taylor Morrison Home Corp shares had fallen by 7.2% this
quarter and gained 8.2% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by
about 27.1%
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 $60.00
This summary was machine generated from LSEG data April 30 at
01:52 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
Mar. 31 2024 1.60 1.75 Beat
Dec. 31 2023 1.74 1.58 Missed
Sep. 30 2023 1.55 1.57 Beat
Jun. 30 2023 1.68 2.12 Beat