Taylor Morrison Home (TMHC) Q4 Earnings Report Preview: What To Look For
Taylor Morrison Home (TMHC) will announce its Q4 earnings this Wednesday. Analysts expect a revenue decline of 16.9% year-on-year to $1.96 billion, with adjusted earnings at $1.74 per share. The company has a history of exceeding revenue estimates, beating them by an average of 5.4% over the past two years. Recent results from peers NVR and Champion Homes indicate mixed performance in the homebuilder sector. TMHC's stock price remains stable, with an average analyst target of $75.25 against a current price of $64.61.
Homebuilder Taylor Morrison Home will be announcing earnings results this Wednesday morning. Here’s what to expect.
Taylor Morrison Home beat analysts’ revenue expectations by 3.4% last quarter, reporting revenues of $2.10 billion, down 1.2% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and an impressive beat of analysts’ adjusted operating income estimates.
Is Taylor Morrison Home a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Taylor Morrison Home’s revenue to decline 16.9% year on year to $1.96 billion, a reversal from the 16.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.74 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 5.4% on average.
Looking at Taylor Morrison Home’s peers in the home builders segment, some have already reported their Q4 results, giving us a hint as to what we can expect. NVR’s revenues decreased 4.7% year on year, beating analysts’ expectations by 9.4%, and Champion Homes reported revenues up 1.8%, in line with consensus estimates. NVR traded up 1.7% following the results while Champion Homes was also up 11.1%.
Read our full analysis of NVR’s results here and Champion Homes’s results here.
There has been positive sentiment among investors in the home builders segment, with share prices up 8.2% on average over the last month. Taylor Morrison Home’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $75.25 (compared to the current share price of $64.61).
