Taylor Morrison Home (TMHC) Reports Earnings Tomorrow: What To Expect

Homebuilder Taylor Morrison Home (NYSE:TMHC) will be announcing earnings results tomorrow morning. Here’s what you need to know.

Taylor Morrison Home beat analysts’ revenue expectations by 9.5% last quarter, reporting revenues of $2.36 billion, up 16.7% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ adjusted operating income estimates and a solid beat of analysts’ EPS 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 5.6% year on year to $1.79 billion, improving from the 2.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.90 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 7% on average.

Looking at Taylor Morrison Home’s peers in the home builders segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Lennar delivered year-on-year revenue growth of 4.4%, beating analysts’ expectations by 2%, and D.R. Horton reported a revenue decline of 15.1%, falling short of estimates by 3.9%. Lennar traded down 4% following the results while D.R. Horton was up 2.7%.

Read our full analysis of Lennar’s results here and D.R. Horton’s results here.

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