Core Insights - Taylor Morrison Home (TMHC) reported revenue of $1.99 billion for the quarter ended June 2024, reflecting a year-over-year decline of 3.4% [4] - The company achieved an EPS of $1.97, down from $2.12 a year ago [4] - The reported revenue surpassed the Zacks Consensus Estimate of $1.87 billion, resulting in a surprise of +6.19% [1] Revenue and Sales Performance - Revenue from home closings was $1.92 billion, exceeding the average estimate of $1.81 billion based on three analysts, but showing a year-over-year decline of 3.8% [2] - Financial services revenue reached $48.92 million, compared to the average estimate of $47.77 million, marking a year-over-year increase of +16.7% [2] - Amenity and other revenue was reported at $8.78 million, above the average estimate of $7.55 million, but down by 5.4% year-over-year [2] Market Performance - Taylor Morrison's shares have returned +19.4% over the past month, outperforming the Zacks S&P 500 composite, which saw a +1.8% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3] Key Metrics - Backlog units at the end of the period totaled 6,256, slightly below the two-analyst average estimate of 6,565 [2] - The average sales price of homes closed was $600 thousand, close to the two-analyst average estimate of $601.86 thousand [2] - Homes closed totaled 3,200, exceeding the average estimate of 3,014 by two analysts [2] - Net sales orders were reported at 3,111, below the two-analyst average estimate of 3,335 [2]

Core Insights - Taylor Morrison reported an earnings surprise of 3.14% for the recent quarter, with actual earnings of $1.97 per share compared to the Zacks Consensus Estimate of $1.91 per share [1][5] - The company generated revenues of $1.99 billion for the quarter ended June 2024, exceeding the Zacks Consensus Estimate by 6.19%, although this represents a decline from $2.06 billion in the same quarter last year [2] - Taylor Morrison's stock has increased approximately 23.6% year-to-date, outperforming the S&P 500's gain of 16.5% [3] Earnings Performance - The company has consistently surpassed consensus EPS estimates over the last four quarters, achieving this milestone four times [6] - The current consensus EPS estimate for the upcoming quarter is $1.81, with expected revenues of $1.96 billion, while the estimate for the current fiscal year is $7.62 on revenues of $7.83 billion [10] Market Outlook - The Zacks Rank for Taylor Morrison is currently 3 (Hold), indicating that the stock is expected to perform in line with the market in the near future [9] - The outlook for the Building Products - Home Builders industry is positive, ranking in the top 20% of over 250 Zacks industries, suggesting that stocks in this sector are likely to outperform those in the bottom 50% [11] Competitor Insights - Tri Pointe Homes, another company in the same industry, is expected to report quarterly earnings of $1.03 per share, reflecting a year-over-year increase of 71.7%, with revenues anticipated to be $1.05 billion, up 28.3% from the previous year [12][13]

TavlorMorrison Taylor Morrison Reports Second Quarter 2024 Results • Net sales orders increased 3% to 3,111, driven by a monthly absorption pace of 3.0 per community Second quarter 2024 highlights included the following, as compared to the second quarter of 2023: • Home closings gross margin was 23.8%, or 23.9% on an adjusted basis • Repurchased 1.7 million common shares for $105 million • Total liquidity of $1.3 billion Palmer continued, "Our balanced and diversified approach offers improved production eff ...

SCOTTSDALE, Ariz., July 24, 2024 /PRNewswire/ -- Taylor Morrison Home Corporation (NYSE: TMHC), a leading national land developer and homebuilder, announced results for the second quarter ended June 30, 2024. Reported second quarter net income was $199 million, or $1.86 per diluted share, while adjusted second quarter net income was $211 million, or $1.97 per diluted share. Second quarter 2024 highlights included the following, as compared to the second quarter of 2023: Net sales orders increased 3% to 3,11 ...

SCOTTSDALE, Ariz., July 22, 2024 /PRNewswire/ -- Bringing back the award-winning show Extreme Makeover: Home Edition calls for America's Most Trusted® Home Builder. Taylor Morrison (NYSE: TMHC) will serve as the first-ever exclusive homebuilder for the series reboot coming to ABC. Taylor Morrison team members filming the pilot episode of ABC's 'Extreme Makeover: Home Edition' in Hutto, TX. Taylor Morrison team members filming the pilot episode of ABC's 'Extreme Makeover: Home Edition' in Hutto, TX. This ann ...

SCOTTSDALE, Ariz., June 26, 2024 /PRNewswire/ -- Taylor Morrison Home Corporation (NYSE: TMHC) ("Taylor Morrison"), a leading national developer and homebuilder, announced today that it will release its second quarter 2024 results before the market opens on Wednesday, July 24, 2024. Taylor Morrison will hold a conference call to discuss its results the same day at 8:30 a.m. ET. Taylor Morrison's filings will be available on the Company's website or with the SEC at sec.gov. Headquartered in Scottsdale, Arizo ...

Finally, our model also underscores that TMHC has a P/CF ratio of 7.68. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. TMHC's P/CF compares to its industry's average P/CF of 9.18. Over the past year, TMHC's P/CF has been as high as 8.41 and as low as 4.42, with a median of 5.69. One company to watch right now is Taylor Morrison Home (TMHC) . TMHC is currently holding a Zacks Rank of #1 (Strong Buy) and a ...

Tony Anderson I have always found the homebuilding industry to be a fascinating space. Perpetual undersupply and an asset that historically almost always goes up makes for an appealing prospect if the price is right. This, in turn, should make any homebuilder that is well run worth considering. That has been the attitude with which I have approached every analysis of Taylor Morrison Home Corporation (NYSE:TMHC) since first writing about it in January of 2022. The most recent article that I wrote about the f ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Valu ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _______________________________________________________________ FORM 10-Q _______________________________________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commissio ...