Published on 16 Feb 2024 on Zacks via Yahoo Finance
Taylor Morrison (TMHC) Q4 Earnings & Revenues Beat, Stock Up
Taylor Morrison Home Corporation TMHC reported mixed results in fourth-quarter 2023, with earnings and revenues topping the Zacks Consensus Estimate. However, the top and the bottom line declined on a year-over-year basis due to softened housing demand, given higher mortgage rates during the period.Shares of this this homebuilding company inched up 5.6% during the trading session on Feb 14, 2024.
Inside the Numbers
The company reported earnings of $2.05 per share, which topped the consensus mark of $1.76 by 16.5%. The reported figure declined 30% from the prior-year quarter’s figure of $2.93 per share.Total revenues (including Home closings, Land closings, Financial services and others) of $2.02 billion also beat the consensus mark of $1.86 billion by 8.6% but fell 19% year over year from $2.49 billion.