Demand For High-End Homes 'Will Remain Solid' Into Next Year, Says Toll Brothers CEO
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Toll Brothers' Performance: CEO Douglas Yearley anticipates strong demand for luxury homes to continue into 2025, supported by low mortgage rates and favorable demographics, despite a mixed demand trend throughout the quarter. The company reported adjusted EPS of $3.60 and revenue of $2.73 billion, surpassing analyst expectations.
Market Insights: While home orders rose by 11% year-over-year, they fell short of Wall Street's forecasts. Demand was particularly robust in certain states and urban areas, but the sales absorption rate was below expectations, indicating potential seasonal declines ahead.
Analyst Views on PEZ
Wall Street analysts forecast PEZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PEZ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 107.806
Low
Averages
High
Current: 107.806
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
