Homebuilder Taylor Morrison Home (NYSE:TMHC) will be reporting earnings tomorrow before market open. Here’s what to expect.

Taylor Morrison Home beat analysts’ revenue expectations by 4.8% last quarter, reporting revenues of $1.99 billion, down 3.4% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ operating margin estimates but a miss of analysts’ backlog sales estimates.

Is Taylor Morrison Home a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Taylor Morrison Home’s revenue to grow 17.5% year on year to $1.97 billion, a reversal from the 17.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.04 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Taylor Morrison Home has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 5.3% on average.

Looking at Taylor Morrison Home’s peers in the industrials segment, some have already reported their Q3 results, giving us a hint as to what we can expect. KB Home delivered year-on-year revenue growth of 10.4%, beating analysts’ expectations by 1.4%, and Lennar reported revenues up 7.9%, topping estimates by 2.8%. KB Home traded down 5.3% following the results while Lennar was also down 5.2%.

Read our full analysis of KB Home’s results here and Lennar’s results here.

There has been positive sentiment among investors in the industrials segment, with share prices up 2.3% on average over the last month. Taylor Morrison Home is down 3% during the same time and is heading into earnings with an average analyst price target of $76.01 (compared to the current share price of $68.07).

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