Yahoo Finance What To Expect From Tri Pointe Homes's (TPH) Q2 Earnings
Homebuilder Tri Pointe Homes (NYSE:TPH) will be reporting results tomorrow before market open. Here's what to look for.
Tri Pointe Homes beat analysts' revenue expectations by 8.8% last quarter, reporting revenues of $939.4 million, up 20.5% year on year. It was a stunning quarter for the company, with an impressive beat of analysts' earnings estimates and a solid beat of analysts' backlog sales 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 27.3% year on year to $1.07 billion, a reversal from the 17.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.09 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 12.9% 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. KB Home's revenues decreased 3.1% year on year, beating analysts' expectations by 3.4%, and Lennar reported revenues up 9%, topping estimates by 2.5%. KB Home traded up 2.8% following the results while Lennar was down 5%.
Read our full analysis of KB Home's results here and Lennar's results here.
There has been positive sentiment among investors in the home builders segment, with share prices up 8.3% on average over the last month. Tri Pointe Homes is up 23.6% during the same time and is heading into earnings with an average analyst price target of $44 (compared to the current share price of $45.57).
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