Taylor Morrison Home Corporation (NYSE:TMHC) is set to announce third quarter earning results on Wednesday 28th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, TMHC to report 3Q20 income of $ 0.61 per share.
For the full year, analysts anticipate top line of $ 5594.38 million, while looking forward to income of $ 1.62 per share bottom line.
Previous Quarter Performance
Taylor Morrison Home Corporation recorded income for the second quarter of $ 0.80 per share, from the revenue of $ 1,526.70 million. The quarterly earnings gained 5.26 percent while revenues elevated 23.89 percent compared with the same quarter last year.
Street analysts expected Taylor Morrison Home Corporation to report income of $ 0.52 per share on revenue of $ 1555.53 million for the second quarter. The bottom line results beat street analysts by $ 0.28 or 53.85 percent, at the same time, top line results fell short of analysts by $ 28.83 million or 1.85 percent.
Stock Performance
Shares of Taylor Morrison Home Corporation traded low $ -0.66 or -2.75 percent on Tuesday, reaching $ 23.35 with volume of 844.20 thousand shares. Taylor Morrison Home Corporation has traded high as $ 24.15 and has cracked $ 23.25 on the downward trend
According to the previous trading day, closing price of $ 23.35, representing a 275.74 % increase from the 52 week low of $ 6.39 and a 15.67 % decrease over the 52 week high of $ 28.47.
The company has a market capital of $ 3.03 billion and is part of the Consumer Cyclical sector and Residential Construction industry.
Conference Call
Taylor Morrison Home Corporation will be hosting a conference call at 8:30 AM eastern time on 28th 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.taylormorrison.com
Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family and multi-family attached and detached homes; and develops lifestyle and master-planned communities. It operates under the Taylor Morrison and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.
