Taylor Morrison Home Third Quarter 2024 Earnings: Beats Expectations

Taylor Morrison Home (NYSE:TMHC) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$2.12b (up 27% from 3Q 2023).
• Net income: US$251.1m (up 47% from 3Q 2023).
• Profit margin: 12% (up from 10% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$2.41 (up from US$1.57 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Taylor Morrison Home Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 7.8%. Earnings per share (EPS) also surpassed analyst estimates by 13%.

Looking ahead, revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Consumer Durables industry in the US.

Performance of the American Consumer Durables industry.

The company's shares are down 5.2% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Taylor Morrison Home's balance sheet.

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