In the latest trading session, Toll Brothers (TOL) closed at $126.45, marking a -1.39% move from the previous day.
Recently, Zacks.com users have been paying close attention to Toll Brothers (TOL). This makes it worthwhile to examine what the stock has in store.
Toll Brothers, Inc. TOL has faced investor disappointment after its fourth-quarter fiscal 2024 earnings release, with its shares declining more than 11% since then. The drop reflects concerns over volatile mortgage rates, affordability-driven market softness, and anticipated pressure on gross margins for fiscal 2025, which likely weighed on investor sentiment.
Toll Brothers (TOL) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
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I have upgraded Toll Brothers from hold to buy, citing a clearer demand outlook and a 9% upside at a 10x forward PE. TOL's Q4 2024 earnings showed strong unit orders growth of 30% y/y and revenue of $3.33 billion, beating consensus expectations. Despite elevated mortgage rates, demand remains steady, and I anticipate further improvement as rates decline and wage growth continues.
TOL's fiscal fourth-quarter results reflect solid deliveries and contracts. Yet, margins remain under pressure.
Shares of Toll Brothers Inc (NYSE:TOL ) fell in early trading on Tuesday, even after the company reported upbeat fiscal fourth-quarter results.
Toll Brothers, Inc. (NYSE:TOL ) Q4 2024 Earnings Call December 10, 2024 8:30 AM ET Company Participants Douglas C. Yearley, Jr. - Chairman and CEO Martin P.
CNBC's Jim Cramer delivers his daily Mad Dash.
Although the revenue and EPS for Toll Brothers (TOL) give a sense of how its business performed in the quarter ended October 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Toll Brothers (TOL) came out with quarterly earnings of $4.63 per share, beating the Zacks Consensus Estimate of $4.30 per share. This compares to earnings of $4.11 per share a year ago.