TRI Pointe Group (TPH) Tops Q3 EPS by 19c; offers outlook

TRI Pointe Group (NYSE: TPH) reported Q3 EPS of $0.76, $0.19 better than the analyst estimate of $0.57. Revenue for the quarter came in at $827.76 million versus the consensus estimate of $766.05 million.

Outlook

For the fourth quarter, the Company anticipates delivering between 1,600 and 1,800 homes at an average sales price between $670,000 and $680,000. The Company expects homebuilding gross margin percentage to be in the range of 22.0% to 23.0% for the fourth quarter and anticipates its SG&A expense as a percentage of home sales revenue will be in the range of 10.0% to 11.0%. Finally, the Company expects its effective tax rate for the fourth quarter to be in the range of 25.5% to 26.0%.

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

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