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Doug Bauer, Tri Pointe Homes CEO, joins 'Money Movers' to discuss if there's excitement in the homebuilding sector, the mismatch in the supply and demand equation within housing, and much more.
Tesla Downgraded, Texas Roadhouse Upgraded, TriPointe Upgraded on Pricing Strength on today's Top Calls.
Tri Pointe Homes, Inc. (TPH) Q4 2023 Earnings Call Transcript
The headline numbers for Tri Pointe (TPH) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Tri Pointe Homes (TPH) came out with quarterly earnings of $1.36 per share, beating the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $1.98 per share a year ago.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Tri Pointe (TPH), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2023.
Tri Pointe Homes has seen a decline in revenue, profit, and cash flow, but leading indicators suggest a positive future for the company. Despite weak financial performance, The Company has experienced a significant increase in net new orders, indicating strong demand in the housing market. The housing market is still recovering from the shortage caused by the 2007/2008 financial crisis, and TPH is well-positioned to benefit from continued strong net new orders and pricing.
INCLINE VILLAGE, Nev., Jan. 19, 2024 (GLOBE NEWSWIRE) -- Tri Pointe Homes, Inc. (NYSE: TPH) announced today that it will release its financial results for the fourth quarter of 2023 before the market opens on Tuesday, February 20, 2024. The Company will host a conference call on the same day to discuss the results at 7:00 AM Pacific (10:00 AM Eastern). The call will be hosted by Doug Bauer, Chief Executive Officer, Tom Mitchell, Chief Operating Officer, Glenn Keeler, Chief Financial Officer, and Linda Mamet, Chief Marketing Officer.
Doug Bauer, CEO of Tri Pointe Homes, joins 'The Exchange' to discuss the state of the housing market, the impact of interest rates, and more.
Tri Pointe (TPH) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).