TRI Pointe Group (TPH) Tops Q2 EPS by 16c, provides outlook

TRI Pointe Group (NYSE: TPH) reported Q2 EPS of $1.25, $0.16 better than the analyst estimate of $1.09. Revenue for the quarter came in at $1.14 billion versus the consensus estimate of $1.07 billion.

Outlook

For the third quarter, the Company anticipates delivering between 1,450 and 1,550 homes at an average sales price between $685,000 and $695,000. The Company expects homebuilding gross margin percentage to be in the range of 23.0% to 23.5% for the third quarter and anticipates its SG&A expense as a percentage of home sales revenue will be in the range of 11.0% to 11.5%. Finally, the Company expects its effective tax rate for the third quarter to be approximately 25.5%.

For the full year, the Company anticipates delivering between 6,300 and 6,500 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 23.0% to 23.5% for the full year and anticipates its SG&A expense as a percentage of home sales revenue will be in the range of 10.5% to 11.0%. Finally, the Company expects its effective tax rate for the full year to be approximately 25.5%.

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

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