Overview

* Taylor Morrison Q2 revenue rises 2% yr/yr, beating analyst expectations, per LSEG data

* Adjusted EPS for Q2 beats consensus, reflecting effective cost management

* Co repurchased 1.7 mln shares for $100 mln, indicating financial stability

Outlook

* Taylor Morrison expects Q3 home closings between 3,200 to 3,300

* Company sees Q3 average closing price at approximately $600,000

* Taylor Morrison expects FY2025 home closings between 13,000 to 13,500

* Company projects FY2025 average closing price between $595,000 to $600,000

Result Drivers

* DIVERSIFIED PORTFOLIO - Co attributes performance to a diversified product portfolio serving a broad consumer base, per CEO Sheryl Palmer

* PRICING STRATEGY - Focus on pricing over pace in competitive markets supports margin and returns, according to CEO Palmer

* LAND POSITION - Strong land positions and customer-centric approach contribute to financial resilience, says Palmer

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $2.03 $1.90

Revenue bln bln (9

Analysts

)

Q2 Beat $2.02 $1.94 (9

Adjusted Analysts

EPS )

Q2 EPS $1.92

Q2 Beat $204 mln $197 mln

Adjusted (9

Net Analysts

Income )

Q2 Net $194 mln

Income

Q2 Home 22.3%

Closings

Gross

Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the homebuilding peer group is "buy"

* Wall Street's median 12-month price target for Taylor Morrison Home Corp ( TMHC ) is $74.00, about 9.7% above its July 22 closing price of $66.82

* The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)