Tri Pointe Homes Earnings Preview: Expectations and Analysis
NYSE: TPH
Earnings Report: Tomorrow, before market open
Analyst Expectations:
* Revenue: $1.21 billion, a 3.7% YoY decline
* Adjusted EPS: $1.29
Recent Performance:
* Beat revenue estimates by 7.5% in Q3 2023
* Revenue grew 36.5% YoY to $1.14 billion
* Surpassed EBITDA and EPS estimates
Analysts' Outlook:
* Retained estimates over the past 30 days
* Tri Pointe Homes has consistently exceeded revenue expectations over the past two years
* Peers Champion Homes and Taylor Morrison Home reported strong Q4 results
Market Context:
* Home builder stocks have generally underperformed in 2023
* Tri Pointe Homes up 3.9% over the past month
* Average analyst price target: $46.80
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