Tri Pointe Homes Inc (Delaware) reports results for the quarter ended in December - Earnings Summary

Tri Pointe Homes (Delaware)

20/02/2024 14:31

* Tri Pointe Homes Inc (Delaware)  TPH.N  reported quarterly
adjusted earnings of $1.36​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of $1.98.  The mean expectation of
seven analysts for the quarter was for earnings of $1.19 per
share. Wall Street expected results to range from $1.10 
to $1.30 per share.
    * Revenue fell 17.5% to $1.24 billion from a year ago;
analysts
expected $1.19 billion. 
    * Tri Pointe Homes Inc (Delaware)'s reported EPS for the
quarter
was $1.36​.
    * The company reported quarterly net income of $132.83
million.
    * Tri Pointe Homes Inc (Delaware) shares had fallen by 1.8%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the homebuilding
peer
group is also "buy"

Wall Street's median 12-month price target for Tri Pointe Homes
Inc (Delaware) is $37.50 
This summary was machine generated from LSEG data February 20 at
02:31 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      1.19           1.36           Beat
 Sep. 30 2023      0.57           0.76           Beat
 Jun. 30 2023      0.58           0.60           Beat
 Mar. 31 2023      0.41           0.73           Beat