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

Tri Pointe Homes (Delaware)

25/04/2024 14:32

* Tri Pointe Homes Inc (Delaware)  TPH.N  reported quarterly
adjusted earnings of $1.03​​ per share for the quarter ended in
March, higher than the same quarter last year, when the company
reported EPS of 73 cents.  The mean expectation of six analysts
for the quarter was for earnings of 76 cents per share. Wall
Street expected results to range from 67 cents to 92 cents per
share.
    * Revenue rose 21.9% to $939.40 million from a year ago;
analysts
expected $875.19 million. 
    * Tri Pointe Homes Inc (Delaware)'s reported EPS for the
quarter
was $1.03​.
    * The company reported quarterly net income of $99.06
million.
    * Tri Pointe Homes Inc (Delaware) shares had fallen by 6.4%
this
quarter and gained 2.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 12.5%
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," 2
"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 $39.00 
This summary was machine generated from LSEG data April 25 at
01:31 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
 Mar. 31 2024      0.76           1.03           Beat
 Dec. 31 2023      1.19           1.36           Beat
 Sep. 30 2023      0.57           0.76           Beat
 Jun. 30 2023      0.58           0.60           Beat