Tri Pointe Homes (TPH) Q1 Earnings Report Preview: What To Look For

Homebuilder Tri Pointe Homes (NYSE:TPH) will be reporting results tomorrow morning. Here’s what investors should know.

Tri Pointe Homes beat analysts’ revenue expectations by 3.3% last quarter, reporting revenues of $1.25 billion, flat year on year. It was a mixed quarter for the company, with a solid beat of analysts’ EBITDA estimates but a significant miss of analysts’ backlog estimates.

Is Tri Pointe Homes a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Tri Pointe Homes’s revenue to decline 24.2% year on year to $712.5 million, a reversal from the 20.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.49 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. Tri Pointe Homes has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 11.1% on average.

Looking at Tri Pointe Homes’s peers in the home builders segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Taylor Morrison Home delivered year-on-year revenue growth of 11.5%, beating analysts’ expectations by 5.7%, and NVR reported revenues up 3%, topping estimates by 0.8%.

Read our full analysis of Taylor Morrison Home’s results here and NVR’s results here.

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