Tri Pointe Homes(US:TPH) ZACKSยท2024-10-24 12:15Company Performance - Tri Pointe Homes (TPH) reported quarterly earnings of $1.18 per share, exceeding the Zacks Consensus Estimate of $1.02 per share, and up from $0.76 per share a year ago, representing an earnings surprise of 15.69% [1] - The company achieved revenues of $1.11 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 8.79%, compared to revenues of $825.3 million in the same quarter last year [1] - Over the last four quarters, Tri Pointe has consistently surpassed consensus EPS and revenue estimates [1] Stock Performance - Tri Pointe shares have increased approximately 20.1% since the beginning of the year, while the S&P 500 has gained 21.5% [2] - The current Zacks Rank for Tri Pointe is 3 (Hold), indicating expected performance in line with the market in the near future [4] Earnings Outlook - The consensus EPS estimate for the upcoming quarter is $1.39 on revenues of $1.25 billion, and for the current fiscal year, it is $4.68 on revenues of $4.32 billion [4] - The trend of estimate revisions for Tri Pointe is mixed, and future changes in estimates will be closely monitored following the recent earnings report [4] Industry Context - The Building Products - Home Builders industry is currently ranked in the top 39% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [5] - Beazer Homes (BZH), another company in the same industry, is expected to report quarterly earnings of $1.36 per share, reflecting a year-over-year decline of 24.4%, with revenues projected at $774.29 million, a 20% increase from the previous year [5]