Homebuilder Taylor Morrison Home (NYSE:TMHC) will be reporting earnings tomorrow before market open. Here’s what you need to know.
Taylor Morrison Home beat analysts’ revenue expectations by 6.4% last quarter, reporting revenues of $2.12 billion, up 26.6% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ EBITDA estimates.
Is Taylor Morrison Home a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Taylor Morrison Home’s revenue to grow 6.5% year on year to $2.15 billion, a reversal from the 19% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.38 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Taylor Morrison Home has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 6.8% on average.
Looking at Taylor Morrison Home’s peers in the home builders segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Champion Homes delivered year-on-year revenue growth of 15.3%, beating analysts’ expectations by 9.2%, and NVR reported revenues up 17%, topping estimates by 2.3%. Champion Homes traded up 13.5% following the results while NVR was down 4.8%.
Read our full analysis of Champion Homes’s results here and NVR’s results here.
There has been positive sentiment among investors in the home builders segment, with share prices up 2.3% on average over the last month. Taylor Morrison Home’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $82.19 (compared to the current share price of $61.63).
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