Taylor Wimpey PLC (LSE:TW.) reports its half-year results on Wednesday, 3 August, against tough comparatives after a record first half last year.
In April, the housebuilder told investors it was trading in line with full-year expectations, and remained on track to deliver against guidance set out at the time of its 2021 annual results.
At that time it said continued levels of house price growth were offsetting inflationary labour and material costs.
As of April 17, the total order book value of the third-largest homebuilder in Britain was around £2.97bn, up from £2.80bn a year ago.
The FTSE 100 company said its target in 2022 is to deliver operating profit margins of 21-22%.
Market consensus price targets estimate some 50% of upside to the current price, so expectations may be high given current market conditions and the expected rising cost of mortgages as interest rates increase.
Housebuilding peers have so far failed to give a reliable steer, with mixed fortunes across the bunch.
Barratt Developments PLC (LSE:BDEV) (Barratt Developments PLC (LSE:BDEV)) failed to meet its guidance for full-year home completions but did insist profit before tax is set to come in slightly ahead of market estimates.
Berkeley Group Holdings PLC (LSE:BKG) (Berkeley Group Holdings PLC (LSE:BKG)) said last month it beat profit forecasts for the past year and upped its future guidance due to its "unrivalled" land holdings in London and South East.
Persimmon PLC (LSE:PSN) (Persimmon PLC (LSE:PSN)) announced a fall in completions in the first half, as planning delays and supply chain problems took their toll, despite predicting half-year profits slightly ahead of expectations.