Taylor Morrison Q1 home closings revenue falls 28%, co maintains 2026 outlook

Taylor Morrison Home

22/04/2026 11:24

Overview

U.S. homebuilder's Q1 home closings revenue fell 28% yr/yr on lower closings volume and price

Adjusted EPS for Q1 was $1.12

Company repurchased 2.5 mln shares for $150 mln during Q1

Outlook

Taylor Morrison reaffirms full-year 2026 guidance across all key metrics

Company expects Q2 2026 home closings between 2,500 and 2,600, average closing price about $575,000

Taylor Morrison sees full-year 2026 home closings around 11,000, average closing price $580,000-$590,000

Result Drivers

LOWER CLOSINGS VOLUME AND PRICE - Q1 home closings revenue fell due to a 26% drop in closings volume and a 4% decrease in average closing price

SHIFT TO TO-BE-BUILT ORDERS - Co reported a significant increase in the mix of to-be-built orders to 38% from 28% in the prior quarter, with a reduction in incentives and finished spec inventory

RESORT LIFESTYLE SEGMENT GROWTH - Resort lifestyle segment was the only consumer segment to grow yr/yr, helped by a 9% increase in Esplanade sales

Company press release: ID:nPn55fMVha

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
$1.12
Q1 EPS
$1.01
Q1 Adjusted Net Income
$109.2 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 1 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the homebuilding peer group is "hold."

Wall Street's median 12-month price target for Taylor Morrison Home Corp is $70.00, about 13% above its April 21 closing price of $61.94

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 9 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)