TRI Pointe Group (TPH) Tops Q4 EPS by 43c

TRI Pointe Group (NYSE: TPH) reported Q4 EPS of $1.98, $0.43 better than the analyst estimate of $1.55. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.25 billion.

Outlook

For the first quarter of 2023, the Company anticipates delivering between 750 and 850 homes at an average sales price between $720,000 and $730,000. The Company expects its homebuilding gross margin percentage to be in the range of 23.0% to 24.0% for the first quarter of 2023 and anticipates its SG&A expense as a percentage of home sales revenue will be in the range of 14.0% to 14.5%. Lastly, the Company expects its effective tax rate for the first quarter of 2023 to be in the range of 26.0% to 27.0%.

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

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