Tri Pointe Homes Inc (Delaware) reports results for the quarter ended in September 30 - Earnings Summary

Tri Pointe Homes (Delaware)

24/10/2024 17:22

* Tri Pointe Homes Inc (Delaware)  TPH.N  reported quarterly
adjusted earnings of $1.18​​ per share for the quarter ended
September 30, higher than the same quarter last year, when the
company reported EPS of 76 cents.  The mean expectation of
seven analysts for the quarter was for earnings of $1.07 per
share. Wall Street expected results to range from $1.00 
to $1.12 per share.
    * Revenue rose 36.2% to $1.13 billion from a year ago;
analysts
expected $1.06 billion. 
    * Tri Pointe Homes Inc (Delaware)'s reported EPS for the
quarter
was $1.18​.
    * The company reported quarterly net income of $111.76
million.
    * Tri Pointe Homes Inc (Delaware) shares had fallen by 6.2%
this
quarter and gained 20.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 $50.00 
This summary was machine generated from LSEG data October 24 at
04:22 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
 Sep. 30 2024      1.07           1.18           Beat
 Jun. 30 2024      1.09           1.25           Beat
 Mar. 31 2024      0.76           1.03           Beat
 Dec. 31 2023      1.19           1.36           Beat