Tri Pointe Homes Inc (NYSE: TPH) has reported E.P.S. of $1.25 for its second fiscal quarter (ending June 30) versus $0.61 for the same period a year ago — an increase of 105%. This performance was $0.16 better than the consensus estimate of $1.09. E.P.S. were $4.44 for the latest four quarters through June 30 versus $4.83 for the same period a year ago — a decline of -8%.
Recent Price Action
On 7/25/24, Tri Pointe Homes Inc (NYSE: TPH) stock declined slightly by -0.2%, closing at $45.32. Moreover, trading volume in this decline was unusually high at 179% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 2.6% during the last week.
Current PriceTarget Research Rating
TPH’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Tri Pointe Homes has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Tri Pointe Homes has a good Appreciation Score of 78 and a very high Power Rating of 88, and the Highest Value Trend Rating results.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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