Taylor Morrison Home (TMHC) Q2 Earnings and Revenues Top Estimates

Core Insights - Taylor Morrison reported an earnings surprise of 3.14% for the recent quarter, with actual earnings of $1.97 per share compared to the Zacks Consensus Estimate of $1.91 per share [1][5] - The company generated revenues of $1.99 billion for the quarter ended June 2024, exceeding the Zacks Consensus Estimate by 6.19%, although this represents a decline from $2.06 billion in the same quarter last year [2] - Taylor Morrison's stock has increased approximately 23.6% year-to-date, outperforming the S&P 500's gain of 16.5% [3] Earnings Performance - The company has consistently surpassed consensus EPS estimates over the last four quarters, achieving this milestone four times [6] - The current consensus EPS estimate for the upcoming quarter is $1.81, with expected revenues of $1.96 billion, while the estimate for the current fiscal year is $7.62 on revenues of $7.83 billion [10] Market Outlook - The Zacks Rank for Taylor Morrison is currently 3 (Hold), indicating that the stock is expected to perform in line with the market in the near future [9] - The outlook for the Building Products - Home Builders industry is positive, ranking in the top 20% of over 250 Zacks industries, suggesting that stocks in this sector are likely to outperform those in the bottom 50% [11] Competitor Insights - Tri Pointe Homes, another company in the same industry, is expected to report quarterly earnings of $1.03 per share, reflecting a year-over-year increase of 71.7%, with revenues anticipated to be $1.05 billion, up 28.3% from the previous year [12][13]