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Tri Pointe Homes (TPH) To Report Earnings Tomorrow: Here Is What To Expect

TPH Cover Image

Homebuilder Tri Pointe Homes (NYSE: TPH) will be announcing earnings results this Wednesday morning. Here’s what you need to know.

Tri Pointe Homes beat analysts’ revenue expectations last quarter, reporting revenues of $854.7 million, down 25.3% year on year. It was an incredible quarter for the company, with an impressive beat of analysts’ adjusted operating income estimates and a solid beat of analysts’ revenue estimates.

Is Tri Pointe Homes a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Tri Pointe Homes’s revenue to decline 25.1% year on year, a deceleration from its flat revenue in the same quarter last year.

Tri Pointe Homes Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Tri Pointe Homes has a history of exceeding Wall Street’s expectations.

Looking at Tri Pointe Homes’s peers in the home builders segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Taylor Morrison Home’s revenues decreased 10.9% year on year, beating analysts’ expectations by 7.2%, and Champion Homes reported revenues up 1.8%, in line with consensus estimates. Taylor Morrison Home traded down 1.4% following the results while Champion Homes was up 11.1%.

Read our full analysis of Taylor Morrison Home’s results here and Champion Homes’s results here.

There has been positive sentiment among investors in the home builders segment, with share prices up 4.3% on average over the last month. Tri Pointe Homes is up 36.9% during the same time and is heading into earnings with an average analyst price target of $46.67 (compared to the current share price of $46.40).

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