Tri Pointe Homes Q3 GAAP EPS $0.76 Beats $0.57 Estimate, Sales $825.29M Beat $758.92M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tri Pointe Homes (NYSE:TPH) reported Q3 earnings of $0.76 per share, beating the analyst consensus estimate of $0.57 by 33.33%. However, this is a 47.59% decrease from the same period last year. The company also reported quarterly sales of $825.29 million, beating the analyst consensus estimate of $758.92 million by 8.75%, but this is a 21.92% decrease from the same period last year.
October 26, 2023 | 10:09 am
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NEUTRAL IMPACT
Tri Pointe Homes' Q3 earnings and sales beat estimates but are down from the same period last year.
While Tri Pointe Homes beat analyst estimates for Q3 earnings and sales, the decrease from the same period last year could potentially concern investors. This mixed result makes the short term impact on the stock price uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100