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Tri Pointe (TPH) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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Tri Pointe Homes (TPH - Free Report) reported $1.11 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 34.9%. EPS of $1.18 for the same period compares to $0.76 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.02 billion, representing a surprise of +8.79%. The company delivered an EPS surprise of +15.69%, with the consensus EPS estimate being $1.02.
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.
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 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: 1,619 compared to the 1,503 average estimate based on two analysts.
Net new home orders: 1,252 versus the two-analyst average estimate of 1,501.
Average sales price in backlog: $745 versus $686.11 estimated by two analysts on average.
Average sales price of homes delivered: $688 compared to the $688.01 average estimate based on two analysts.
Backlog (estimated dollar value): $1.73 billion compared to the $1.85 billion average estimate based on two analysts.
Backlog (homes): 2,325 compared to the 2,690 average estimate based on two analysts.
Total revenues- Homebuilding- Home sales revenue: $1.11 billion versus $1.02 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +34.9% change.
Total revenues- Financial Service: $17.65 million versus the two-analyst average estimate of $13.42 million. The reported number represents a year-over-year change of +64.1%.
Total revenues- Homebuilding: $1.13 billion compared to the $1.02 billion average estimate based on two analysts. The reported number represents a change of +36.2% year over year.
Income before income taxes- Financial services: $5.37 million versus the two-analyst average estimate of $6.06 million.
Shares of Tri Pointe have returned -3.7% over the past month versus the Zacks S&P 500 composite's +1.5% 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) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Tri Pointe Homes (TPH - Free Report) reported $1.11 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 34.9%. EPS of $1.18 for the same period compares to $0.76 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.02 billion, representing a surprise of +8.79%. The company delivered an EPS surprise of +15.69%, with the consensus EPS estimate being $1.02.
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.
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 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: 1,619 compared to the 1,503 average estimate based on two analysts.
- Net new home orders: 1,252 versus the two-analyst average estimate of 1,501.
- Average sales price in backlog: $745 versus $686.11 estimated by two analysts on average.
- Average sales price of homes delivered: $688 compared to the $688.01 average estimate based on two analysts.
- Backlog (estimated dollar value): $1.73 billion compared to the $1.85 billion average estimate based on two analysts.
- Backlog (homes): 2,325 compared to the 2,690 average estimate based on two analysts.
- Total revenues- Homebuilding- Home sales revenue: $1.11 billion versus $1.02 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +34.9% change.
- Total revenues- Financial Service: $17.65 million versus the two-analyst average estimate of $13.42 million. The reported number represents a year-over-year change of +64.1%.
- Total revenues- Homebuilding: $1.13 billion compared to the $1.02 billion average estimate based on two analysts. The reported number represents a change of +36.2% year over year.
- Income before income taxes- Financial services: $5.37 million versus the two-analyst average estimate of $6.06 million.
View all Key Company Metrics for Tri Pointe here>>>Shares of Tri Pointe have returned -3.7% over the past month versus the Zacks S&P 500 composite's +1.5% 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.