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Compared to Estimates, Tri Pointe (TPH) Q1 Earnings: A Look at Key Metrics
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Tri Pointe Homes (TPH - Free Report) reported $918.35 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 19.5%. EPS of $1.03 for the same period compares to $0.73 a year ago.
The reported revenue represents a surprise of +8.53% over the Zacks Consensus Estimate of $846.15 million. With the consensus EPS estimate being $0.69, the EPS surprise was +49.28%.
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:
Net new home orders: 1,814 compared to the 1,661 average estimate based on two analysts.
New homes delivered: 1,393 versus the two-analyst average estimate of 1,302.
Average sales price of homes delivered: $659 versus the two-analyst average estimate of $650.11.
Average sales price in backlog: $712 versus $705.95 estimated by two analysts on average.
Backlog (estimated dollar value): $1.95 billion versus the two-analyst average estimate of $1.89 billion.
Backlog (homes): 2,741 versus 2,679 estimated by two analysts on average.
Selling communities at end of period: 156 compared to the 159 average estimate based on two analysts.
Total revenues- Homebuilding- Home sales revenue: $918.35 million compared to the $846.15 million average estimate based on two analysts. The reported number represents a change of +19.5% year over year.
Income before income taxes- Financial services: $4.47 million versus $4.14 million estimated by two analysts on average.
Shares of Tri Pointe have returned -4.6% over the past month versus the Zacks S&P 500 composite's -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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Compared to Estimates, Tri Pointe (TPH) Q1 Earnings: A Look at Key Metrics
Tri Pointe Homes (TPH - Free Report) reported $918.35 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 19.5%. EPS of $1.03 for the same period compares to $0.73 a year ago.
The reported revenue represents a surprise of +8.53% over the Zacks Consensus Estimate of $846.15 million. With the consensus EPS estimate being $0.69, the EPS surprise was +49.28%.
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:
- Net new home orders: 1,814 compared to the 1,661 average estimate based on two analysts.
- New homes delivered: 1,393 versus the two-analyst average estimate of 1,302.
- Average sales price of homes delivered: $659 versus the two-analyst average estimate of $650.11.
- Average sales price in backlog: $712 versus $705.95 estimated by two analysts on average.
- Backlog (estimated dollar value): $1.95 billion versus the two-analyst average estimate of $1.89 billion.
- Backlog (homes): 2,741 versus 2,679 estimated by two analysts on average.
- Selling communities at end of period: 156 compared to the 159 average estimate based on two analysts.
- Total revenues- Homebuilding- Home sales revenue: $918.35 million compared to the $846.15 million average estimate based on two analysts. The reported number represents a change of +19.5% year over year.
- Income before income taxes- Financial services: $4.47 million versus $4.14 million estimated by two analysts on average.
View all Key Company Metrics for Tri Pointe here>>>Shares of Tri Pointe have returned -4.6% over the past month versus the Zacks S&P 500 composite's -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.