Financial News
Earnings To Watch: Tri Pointe Homes (TPH) Reports Q3 Results Tomorrow
Homebuilder Tri Pointe Homes (NYSE:TPH) will be reporting earnings tomorrow before market open. Here’s what to look for.
Tri Pointe Homes beat analysts’ revenue expectations by 8.4% last quarter, reporting revenues of $1.15 billion, up 37.9% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates and a solid beat of analysts’ earnings 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 grow 25.6% year on year to $1.05 billion, a reversal from the 21.8% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.07 per share.
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 13.8% on average.
Looking at Tri Pointe Homes’s peers in the home builders segment, some have already reported their Q3 results, giving us a hint as to what we can expect. NVR delivered year-on-year revenue growth of 6.4%, beating analysts’ expectations by 1.2%, and KB Home reported revenues up 10.4%, topping estimates by 1.4%. KB Home traded down 5.3% following the results.
Read our full analysis of NVR’s results here and KB Home’s results here.
Investors in the home builders segment have had steady hands going into earnings, with share prices flat over the last month. Tri Pointe Homes is down 5.1% during the same time and is heading into earnings with an average analyst price target of $49.60 (compared to the current share price of $42.67).
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