TRI Pointe Group, Inc. (NYSE:TPH) is set to announce third quarter earning results on Thursday 22nd October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, TPH to report 3Q20 income of $ 0.43 per share.
For the full year, analysts anticipate top line of $ 3031.54 million, while looking forward to income of $ 1.62 per share bottom line.
Previous Quarter Performance
TRI Pointe Group, Inc. disclosed income for the second quarter of $ 0.43 per share, from the revenue of $ 767.81 million, On adjusted basis, TPH reported income for the quarter of $ 0.51 per share. The quarterly earnings gained 138.89 percent while revenues grew 10.01 percent compared with the same quarter last year. Street analysts expected TRI Pointe Group, Inc. to report income of $ 0.31 per share on revenue of $ 698.60 million for the second quarter. The bottom line results beat street analysts by $ 0.2 or 64.52 percent, at the same time, top line results outshined analysts by $ 69.21 million or 9.91 percent.
Stock Performance
Shares of TRI Pointe Group, Inc. traded low $ -0.67 or -3.56 percent on Wednesday, reaching $ 18.15 with volume of 996.70 thousand shares. The stock opened positive for the day at $ 19.03, after closing the previous day trading at $ 18.82.
According to the previous trading day, closing price of $ 18.82, representing a 219.52 % increase from the 52 week low of $ 5.89 and a 3.93 % decrease over the 52 week high of $ 19.59.
The company has a market capital of $ 2.37 billion and is part of the Consumer Cyclical sector and Residential Construction industry.
Recent Analyst recommendations
- On 9th September 2020, upgraded by Wedbush to Outperform from Neutral rating.
Conference Call
TRI Pointe Group, Inc. will be hosting a conference call at 10:00 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.tripointegroup.com
TRI Pointe Group, Inc. engages in the design, construction, and sale of single-family detached and attached homes in the United States. It operates a portfolio of 6 brands across 10 states, including Maracay in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California, Colorado, and Colorado; and Winchester Homes in Maryland and Virginia.
