Tri Pointe Homes Inc (TPH) reports results for the third quarter of 2024

Tri Pointe Homes Inc (NYSE:TPH) is expected to report third-quarter 2024 earnings results on October 24, 2024. The consensus estimate for third-quarter 2024 revenue is $1.06 billion, and earnings are expected to come in at $1.07 per share. Full-year 2024 revenue is expected to be $4.41 billion and earnings are expected to be $4.75 per share. More detailed estimate data can be found on the Forecast page.

Over the past 90 days, revenue estimates for Tri Pointe Homes Inc (NYSE:TPH) for full year 2024 have increased from $4.30 billion to $4.41 billion, while 2025 estimates have fallen from $4.67 billion to $4. 59 billion. Earnings estimates have also been adjusted, with an increase from $4.57 per share to $4.75 per share for 2024, and a decrease from $5.08 per share to $4.99 per share for 2025.

In the previous quarter ended June 30, 2024, Tri Pointe Homes Inc (NYSE:TPH) actual revenue was $1.15 billion, exceeding analyst revenue expectations of $1.07 billion by 7.67%. Tri Pointe Homes Inc (NYSE:TPH) actual earnings were $1.25 per share, beating analysts’ earnings expectations of $1.09 per share by 14.89%. Following the earnings release, Tri Pointe Homes Inc (NYSE:TPH) fell -0.18% in one day.

Based on the one-year price targets of five analysts, the average price for Tri Pointe Homes Inc (NYSE:TPH) is $50, with a high estimate of $56 and a low estimate of $42. The average target implies an upside of 17.18% from the current price of $42.67.

Based on GuruFocus estimates, the estimated GF value for Tri Pointe Homes Inc (NYSE:TPH) in one year is $34.09, which suggests a downside of -20.11% from the current price of $42.67 .

Based on the consensus recommendation from seven brokerage firms, the average broker recommendation of Tri Pointe Homes Inc (NYSE:TPH) is currently 2.1, indicating an “Outperform” status. The rating scale runs from 1 to 5, with 1 being a strong buy and 5 being a sell.

This article, generated by GuruFocus, is intended to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst forecasts, uses an unbiased methodology and is not intended as specific investment guidance. It does not make a recommendation to purchase or dispose of shares and does not take into account individual investment objectives or financial circumstances. Our goal is to deliver fundamental, long-term data-driven analysis. Please note that our analysis may not include the most recent price-sensitive company announcements or qualitative information. GuruFocus has no positions in the stocks mentioned herein.

This article first appeared on GuruFocus.