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Tri Pointe (TPH) Reports Q2 Earnings: What Key Metrics Have to Say
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Tri Pointe Homes (TPH - Free Report) reported $1.13 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 38.3%. EPS of $1.25 for the same period compares to $0.60 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.05 billion, representing a surprise of +7.86%. The company delivered an EPS surprise of +21.36%, with the consensus EPS estimate being $1.03.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Tri Pointe performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
New homes delivered: 1,700 compared to the 1,564 average estimate based on two analysts.
Net new home orders: 1,651 versus the two-analyst average estimate of 1,986.
Selling communities at end of period: 153 compared to the 160 average estimate based on two analysts.
Average sales price in backlog: $743 versus the two-analyst average estimate of $686.53.
Average sales price of homes delivered: $666 versus the two-analyst average estimate of $671.36.
Backlog (estimated dollar value): $2 billion versus $2.17 billion estimated by two analysts on average.
Backlog (homes): 2,692 versus the two-analyst average estimate of 3,163.
Total revenues- Homebuilding- Home sales revenue: $1.13 billion compared to the $1.05 billion average estimate based on two analysts. The reported number represents a change of +38.3% year over year.
Income before income taxes- Financial services: $6.08 million versus the two-analyst average estimate of $4.80 million.
Shares of Tri Pointe have returned +23.8% over the past month versus the Zacks S&P 500 composite's -0.3% 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.
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Tri Pointe (TPH) Reports Q2 Earnings: What Key Metrics Have to Say
Tri Pointe Homes (TPH - Free Report) reported $1.13 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 38.3%. EPS of $1.25 for the same period compares to $0.60 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.05 billion, representing a surprise of +7.86%. The company delivered an EPS surprise of +21.36%, with the consensus EPS estimate being $1.03.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Tri Pointe performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- New homes delivered: 1,700 compared to the 1,564 average estimate based on two analysts.
- Net new home orders: 1,651 versus the two-analyst average estimate of 1,986.
- Selling communities at end of period: 153 compared to the 160 average estimate based on two analysts.
- Average sales price in backlog: $743 versus the two-analyst average estimate of $686.53.
- Average sales price of homes delivered: $666 versus the two-analyst average estimate of $671.36.
- Backlog (estimated dollar value): $2 billion versus $2.17 billion estimated by two analysts on average.
- Backlog (homes): 2,692 versus the two-analyst average estimate of 3,163.
- Total revenues- Homebuilding- Home sales revenue: $1.13 billion compared to the $1.05 billion average estimate based on two analysts. The reported number represents a change of +38.3% year over year.
- Income before income taxes- Financial services: $6.08 million versus the two-analyst average estimate of $4.80 million.
View all Key Company Metrics for Tri Pointe here>>>Shares of Tri Pointe have returned +23.8% over the past month versus the Zacks S&P 500 composite's -0.3% 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.