Taylor Morrison (TMHC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended September 2023, Taylor Morrison Home (TMHC) reported revenue of $1.68 billion, down 17.7% over the same period last year. EPS came in at $1.62, compared to $2.72 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.66 billion, representing a surprise of +0.80%. The company delivered an EPS surprise of +6.58%, with the consensus EPS estimate being $1.52.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Taylor Morrison performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Backlog units at end of period: 6,118 compared to the 6,256 average estimate based on two analysts.
Average sales price of homes closed: $611 thousand versus the two-analyst average estimate of $615 thousand.
Homes Closed: 2,639 versus the two-analyst average estimate of 2,635.
Net sales orders: 2,592 versus 2,726 estimated by two analysts on average.
Revenue- Home closings: $1.61 billion versus the three-analyst average estimate of $1.63 billion. The reported number represents a year-over-year change of -18.8%.
Revenue- Financial services revenue: $40.05 million compared to the $28.90 million average estimate based on three analysts. The reported number represents a change of +44.3% year over year.
Revenue- Amenity and other revenue: $9.33 million versus $7.55 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +4.9% change.
View all Key Company Metrics for Taylor Morrison here>>>
Shares of Taylor Morrison have returned -7.7% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Taylor Morrison Home Corporation (TMHC) : Free Stock Analysis Report
