Taylor Morrison Home Q2 EPS $2.12 Beats $1.68 Estimate, Sales $2.06B Beat $1.69B Estimate
Portfolio Pulse from Bill Haddad
Taylor Morrison Home (NYSE:TMHC) reported Q2 earnings of $2.12 per share, beating the analyst consensus estimate of $1.68 by 26.19%. However, this is a 6.61% decrease from the same period last year. The company also reported quarterly sales of $2.06 billion, beating the analyst consensus estimate of $1.69 billion by 21.89%, and marking a 3.26% increase from the same period last year.
July 26, 2023 | 10:16 am
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Taylor Morrison Home's Q2 earnings and sales exceeded analyst estimates, which could positively impact the stock. However, the decrease in earnings from the same period last year might temper investor enthusiasm.
While beating analyst estimates is generally a positive signal for the stock, the decrease in earnings compared to the same period last year might raise concerns among investors. This could result in a mixed impact on the stock price in the short term.
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