Taylor Morrison Home (TMHC) came out with quarterly earnings of $2.37 per share, beating the Zacks Consensus Estimate of $2.06 per share. This compares to earnings of $1.62 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15.05%. A quarter ago, it was expected that this home builder would post earnings of $1.91 per share when it actually produced earnings of $1.97, delivering a surprise of 3.14%.Over the last four quarters, the ...

Exhibit 99.1 CONTACT: Mackenzie Aron, VP Investor Relations (480) 734-2060 investor@taylormorrison.com Taylor Morrison Reports Third Quarter 2024 Results SCOTTSDALE, Ariz., Oct. 23, 2024—Taylor Morrison Home Corporation (NYSE: TMHC), a leading national land developer and homebuilder, announced results for the third quarter ended September 30, 2024. Reported third quarter net income was $251 million, or $2.37 per diluted share, as compared to $171 million, or $1.54 per diluted share, in the prior-year quarte ...

SCOTTSDALE, Ariz., Oct. 23, 2024 /PRNewswire/ -- Taylor Morrison Home Corporation (NYSE: TMHC), a leading national land developer and homebuilder, announced results for the third quarter ended September 30, 2024. Reported third quarter net income was $251 million, or $2.37 per diluted share, as compared to $171 million, or $1.54 per diluted share, in the prior-year quarter.Third quarter 2024 highlights included the following, as compared to the third quarter of 2023: Diluted EPS increased 54% to $2.37Net sa ...

Analysts on Wall Street project that Taylor Morrison Home (TMHC) will announce quarterly earnings of $2.06 per share in its forthcoming report, representing an increase of 27.2% year over year. Revenues are projected to reach $1.99 billion, increasing 18.7% from the same quarter last year.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe ...

SCOTTSDALE, Ariz., Sept. 25, 2024 /PRNewswire/ -- Taylor Morrison Home Corporation (NYSE: TMHC) ("Taylor Morrison"), a leading national developer and homebuilder, announced today that it will release its third quarter 2024 results before the market opens on Wednesday, October 23, 2024. Taylor Morrison will hold a conference call to discuss its results the same day at 8:30 a.m. ET. A live audio webcast of the conference call will be available on Taylor Morrison's website at www.taylormorrison.com on the Inve ...

Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, inves ...

Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, inves ...

Core Viewpoint - Taylor Morrison Home Corporation has shown significant stock performance despite mediocre financial results, indicating potential undervaluation and future growth opportunities [1][17]. Financial Performance - Revenue for the second quarter of 2024 was $1.99 billion, a decrease of 3.4% from $2.06 billion in the same quarter last year [2]. - Net income fell from $234.6 million in Q2 2023 to $199.5 million in Q2 2024, driven by both sales declines and price changes impacting margins [4]. - Operating cash flow turned negative at -$233.4 million, down from $259.7 million year-over-year [4]. Home Closings and Pricing - Total home closings in Q2 2024 were 3,200, up from 3,125 in Q2 2023, but the average closing price dropped from $639,000 to $600,000 due to high interest rates [3]. - For the first half of 2024, home closings increased from 5,666 to 5,931, yet the average price of homes closed decreased from $637,000 to $600,000 [5]. Backlog and Orders - The backlog increased to 6,256 homes from 6,156 homes year-over-year, with the average price in backlog rising from $664,000 to $671,000 [6]. - Net new orders for the most recent quarter were 3,111 homes, up from 3,023 homes the previous year, with a year-to-date total of 6,797 homes ordered compared to 5,877 last year [8]. Cancellation Rates - The cancellation rate improved to 9.4% in the most recent quarter, down from 11.2% a year earlier, indicating a positive trend in buyer commitment [10]. Future Outlook - Management expects between 12,600 and 12,800 home closings for 2024, with average prices projected between $600,000 and $610,000, suggesting stable pricing in the near term [12]. - Anticipated interest rate cuts by the Federal Reserve could enhance housing demand, as the country faces a housing shortage estimated at 4.5 million units [16]. Valuation Metrics - Taylor Morrison Home Corporation is currently valued attractively compared to peers, with a price-to-earnings ratio of 10.0, the lowest among comparable companies [15][16].

Core Viewpoint - The article emphasizes the importance of value investing and highlights Taylor Morrison Home (TMHC) as a strong value stock based on various financial metrics [2][3][7] Valuation Metrics - TMHC has a P/B ratio of 1.13, which is lower than the industry average of 1.64, indicating a solid valuation compared to peers [4] - The P/S ratio for TMHC stands at 0.85, compared to the industry's average of 0.98, suggesting that the stock is undervalued based on sales [5] - TMHC's P/CF ratio is 8.27, which is attractive relative to the industry average of 9.91, further supporting the notion of undervaluation [6] Investment Outlook - TMHC holds a Zacks Rank of 2 (Buy) and an A for Value, indicating strong potential for value investors [3][7] - The combination of favorable valuation metrics and a positive earnings outlook positions TMHC as an impressive value stock at the moment [7]

Core Insights - Taylor Morrison published its sixth annual Sustainability and Belonging Report, emphasizing its commitment to corporate responsibility through sustainable practices, inclusivity, and operational transparency [1][2] - The report reflects the company's dedication to sustainability and community building, aligning with various sustainability standards and receiving national accolades for its efforts [3] Sustainability Initiatives - The report includes a comprehensive assessment of Taylor Morrison's carbon footprint, showing a 10% improvement in the average Home Energy Rating System (HERS®) score since 2020, with an average score of 57 compared to 100 for homes built to 2006 standards [5] - The company has partnered with the National Wildlife Federation (NWF) to protect biodiversity, having installed 100 certified monarch butterfly gardens and protected nearly 9,000 acres of Certified Wildlife Habitat® since 2019 [5] Inclusivity and Diversity - Taylor Morrison has enhanced accessibility for a diverse customer base through new language services, pricing transparency, and inclusive design principles in home plans [5] - The company promotes gender diversity, achieving an equal male-to-female ratio on its board of directors and a workforce comprised of 44% women, significantly higher than the construction industry average of 11% [5] Community Engagement - The company connects homeowners to nature through the construction of Nature Play Spaces™, utilizing natural materials instead of traditional playground equipment, in partnership with the NWF [8]