These Analysts Raise Their Forecasts On Tri Pointe Homes After Upbeat Results
Portfolio Pulse from Avi Kapoor
Tri Pointe Homes, Inc. (NYSE:TPH) reported higher than expected earnings and sales for its fourth quarter, with earnings of $1.36 per share against estimates of $1.18 and sales of $1.24 billion versus $1.19 billion expected. The company saw a 143% increase in net new home orders for the quarter and a 40% increase for the year, ending with 155 active selling communities. Analysts from Wedbush and RBC Capital raised their price targets on TPH following these results.
February 21, 2024 | 7:05 pm
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Tri Pointe Homes reported higher than expected Q4 earnings and sales, leading to price target upgrades from Wedbush and RBC Capital.
The positive earnings report and subsequent analyst upgrades are strong indicators of confidence in Tri Pointe Homes' financial health and growth prospects. This typically leads to increased investor interest and potentially higher stock prices in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100