We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Taylor Morrison (TMHC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Read MoreHide Full Article
Taylor Morrison Home (TMHC - Free Report) reported $1.99 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 3.4%. EPS of $1.97 for the same period compares to $2.12 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.87 billion, representing a surprise of +6.19%. The company delivered an EPS surprise of +3.14%, with the consensus EPS estimate being $1.91.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Taylor Morrison performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Backlog units at end of period: 6,256 versus the two-analyst average estimate of 6,565.
Average sales price of homes closed: $600 thousand versus the two-analyst average estimate of $601.86 thousand.
Homes Closed: 3,200 versus 3,014 estimated by two analysts on average.
Net sales orders: 3,111 versus the two-analyst average estimate of 3,335.
Revenue- Home closings: $1.92 billion compared to the $1.81 billion average estimate based on three analysts. The reported number represents a change of -3.8% year over year.
Revenue- Financial services revenue: $48.92 million compared to the $47.77 million average estimate based on three analysts. The reported number represents a change of +16.7% year over year.
Revenue- Amenity and other revenue: $8.78 million compared to the $7.55 million average estimate based on two analysts. The reported number represents a change of -5.4% year over year.
Shares of Taylor Morrison have returned +19.4% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Taylor Morrison (TMHC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Taylor Morrison Home (TMHC - Free Report) reported $1.99 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 3.4%. EPS of $1.97 for the same period compares to $2.12 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.87 billion, representing a surprise of +6.19%. The company delivered an EPS surprise of +3.14%, with the consensus EPS estimate being $1.91.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Taylor Morrison performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Backlog units at end of period: 6,256 versus the two-analyst average estimate of 6,565.
- Average sales price of homes closed: $600 thousand versus the two-analyst average estimate of $601.86 thousand.
- Homes Closed: 3,200 versus 3,014 estimated by two analysts on average.
- Net sales orders: 3,111 versus the two-analyst average estimate of 3,335.
- Revenue- Home closings: $1.92 billion compared to the $1.81 billion average estimate based on three analysts. The reported number represents a change of -3.8% year over year.
- Revenue- Financial services revenue: $48.92 million compared to the $47.77 million average estimate based on three analysts. The reported number represents a change of +16.7% year over year.
- Revenue- Amenity and other revenue: $8.78 million compared to the $7.55 million average estimate based on two analysts. The reported number represents a change of -5.4% year over year.
View all Key Company Metrics for Taylor Morrison here>>>Shares of Taylor Morrison have returned +19.4% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.