TRI Pointe Group (NYSE: TPH) reported Q2 EPS of $0.77, $0.08 better than the analyst estimate of $0.69. Revenue for the quarter came in at $884.01 million versus the consensus estimate of $809.3 million.

Outlook

For the third quarter, the Company anticipates delivering between 1,000 and 1,100 homes at an average sales price between $675,000 and $685,000. The Company expects homebuilding gross margin percentage to be in the range of 20.0% to 21.0% for the third quarter and anticipates its SG&A expense as a percentage of home sales revenue will be in the range of 13.0% to 14.0%. Finally, the Company expects its effective tax rate for the third quarter to be approximately 27.0%.

For the full year, the Company anticipates delivering between 4,800 and 5,200 homes at an average sales price between $665,000 and $675,000. The Company expects homebuilding gross margin percentage to be in the range of 20.5% and 22.0% (excluding an $11.0 million inventory-related charge recorded in the second quarter) for the full year and anticipates its SG&A expense as a percentage of home sales revenue will be in the range of 12.0% and 13.0%. Finally, the Company expects its effective tax rate for the full year to be approximately 27.0%.

For earnings history and earnings-related data on TRI Pointe Group (TPH) click here.