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Tri Pointe Homes (TPH) Reports Earnings Tomorrow: What To Expect

TPH Cover Image

Homebuilder Tri Pointe Homes (NYSE: TPH) will be announcing earnings results this Thursday morning. Here’s what investors should know.

Tri Pointe Homes beat analysts’ revenue expectations by 4% last quarter, reporting revenues of $740.9 million, down 21.1% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.

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

This quarter, analysts are expecting Tri Pointe Homes’s revenue to decline 29% year on year to $820.1 million, a reversal from the 37.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.68 per share.

Tri Pointe Homes Total Revenue

The majority of analysts covering the company have 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, beating revenue estimates every single time over the past two years by 7.5% on average.

Looking at Tri Pointe Homes’s peers in the home builders segment, some have already reported their Q2 results, giving us a hint as to what we can expect. D.R. Horton’s revenues decreased 7.4% year on year, beating analysts’ expectations by 5%, and KB Home reported a revenue decline of 10.5%, topping estimates by 1.6%. KB Home’s stock price was unchanged following the results.

Read our full analysis of D.R. Horton’s results here and KB Home’s results here.

There has been positive sentiment among investors in the home builders segment, with share prices up 7.9% on average over the last month. Tri Pointe Homes is up 13.7% during the same time and is heading into earnings with an average analyst price target of $39.17 (compared to the current share price of $35.99).

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