Tri Pointe Homes (TPH - Free Report) closed the most recent trading day at $13.30, moving -0.3% from the previous trading session. This change was narrower than the S&P 500's daily loss of 2.42%. Meanwhile, the Dow lost 2.84%, and the Nasdaq, a tech-heavy index, lost 2.59%.
Heading into today, shares of the home builder had lost 7.68% over the past month, lagging the Construction sector's gain of 7.29% and the S&P 500's gain of 4.5% in that time.
Investors will be hoping for strength from TPH as it approaches its next earnings release. The company is expected to report EPS of $0.28, up 55.56% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $686.19 million, down 1.69% from the prior-year quarter.
TPH's full-year Zacks Consensus Estimates are calling for earnings of $1.19 per share and revenue of $2.83 billion. These results would represent year-over-year changes of -19.05% and -8.12%, respectively.
Investors might also notice recent changes to analyst estimates for TPH. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3.93% higher. TPH is holding a Zacks Rank of #1 (Strong Buy) right now.
Investors should also note TPH's current valuation metrics, including its Forward P/E ratio of 11.21. This represents a premium compared to its industry's average Forward P/E of 11.16.
The Building Products - Home Builders industry is part of the Construction sector. This group has a Zacks Industry Rank of 81, putting it in the top 32% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.