Toll Brothers Set to Announce Q2 Earnings on May 19
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy TOL?
Source: seekingalpha
- Earnings Announcement: Toll Brothers (TOL) is set to release its Q2 2023 earnings report on May 19 after market close, with consensus EPS estimate at $2.59, reflecting a 26% year-over-year decline, and revenue estimate at $2.42 billion, down 11.7% year-over-year.
- Historical Performance: Over the past two years, Toll Brothers has exceeded EPS estimates 75% of the time and revenue estimates 100% of the time, indicating a strong track record of financial performance and reliability.
- Estimate Revisions: In the last three months, EPS estimates have seen one upward revision and ten downward revisions, while revenue estimates have experienced six upward and four downward revisions, highlighting market uncertainty regarding the company's future performance.
- Market Analysis Perspective: Despite a cautious outlook on Toll Brothers' stock, analysts remain reassured by its valuation and fundamentals, suggesting that investors should carefully evaluate the timing of potential purchases in the current market environment.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy TOL?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on TOL
Wall Street analysts forecast TOL stock price to rise
13 Analyst Rating
7 Buy
5 Hold
1 Sell
Moderate Buy
Current: 126.220
Low
110.00
Averages
150.00
High
181.00
Current: 126.220
Low
110.00
Averages
150.00
High
181.00
About TOL
Toll Brothers, Inc. is a builder of luxury homes. The Company builds new homes and communities in over 60 markets across the United States, serving first-time, move-up, active-adult, and second-home buyers. The Company also operates its own architectural, engineering, mortgage, title, land development, smart home technology, landscape, and building components manufacturing businesses. It designs, builds, markets, sells, and arranges financing for an array of luxury residential single-family detached, attached, master-planned, resort-style golf, and urban low-, mid-, and high-rise communities. It also develops and operates urban and suburban for-rent apartment and student housing communities (Apartment Living) primarily through joint ventures. These projects are located in various metropolitan areas throughout the country and have generally been operated or developed with partners under the brand names Toll Brothers Apartment Living and Toll Brothers Campus Living.
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.
Toll Brothers Set to Announce Q2 Earnings on May 19
- Earnings Announcement: Toll Brothers (TOL) is set to release its Q2 2023 earnings report on May 19 after market close, with consensus EPS estimate at $2.59, reflecting a 26% year-over-year decline, and revenue estimate at $2.42 billion, down 11.7% year-over-year.
- Historical Performance: Over the past two years, Toll Brothers has exceeded EPS estimates 75% of the time and revenue estimates 100% of the time, indicating a strong track record of financial performance and reliability.
- Estimate Revisions: In the last three months, EPS estimates have seen one upward revision and ten downward revisions, while revenue estimates have experienced six upward and four downward revisions, highlighting market uncertainty regarding the company's future performance.
- Market Analysis Perspective: Despite a cautious outlook on Toll Brothers' stock, analysts remain reassured by its valuation and fundamentals, suggesting that investors should carefully evaluate the timing of potential purchases in the current market environment.
See More
Toll Brothers Unveils New Luxury Townhomes in Milpitas
- Community Grand Opening: Toll Brothers has officially opened its South Main luxury townhome community in Milpitas, California, featuring three-story homes up to 1,684 square feet, priced from $1.2 million, catering to high-end buyers seeking luxury living.
- Modern Design Features: Each home includes 3 bedrooms, 3 bathrooms, and attached 2-car garages, designed with modern aesthetics such as private balconies and high ceilings, aimed at enhancing living comfort and attracting families desiring a high-quality lifestyle.
- Prime Location Benefits: The community is strategically located near major Silicon Valley employers, shopping, and recreational areas, with walkable access to the Great Mall of the Bay Area and Milpitas Square, providing residents with convenient transportation options.
- Personalized Design Studio Experience: The Toll Brothers Design Studio offers homebuyers a wide range of customization options with the assistance of professional design consultants, enhancing the home buying experience and increasing customer satisfaction.
See More
Toll Brothers Launches New Luxury Community in East Cobb
- Community Opening: Toll Brothers has launched its new community, Cameron Cove, in East Cobb, Marietta, Georgia, featuring flexible single-family home designs starting from the mid-$600,000s, catering to diverse lifestyle needs.
- Personalization Options: Cameron Cove offers homes with 3 to 5 bedrooms and up to 3,361 square feet, allowing buyers to customize their living spaces with options for basements, lofts, and additional bedrooms and bathrooms, enhancing the overall living experience.
- Resort-Style Amenities: The community includes resort-inspired amenities such as a pool, outdoor kitchen, playground, and open green spaces, significantly improving residents' quality of life and attracting family homebuyers.
- Strong Educational Resources: Located in one of Cobb County's most sought-after school districts, Cameron Cove provides residents with access to quality education while being conveniently close to shopping and dining options, thereby increasing the community's appeal.
See More
Nvidia Earnings Week Approaches, Market Anticipates Key Insights
- Nvidia Earnings Expectations: Nvidia is set to report its Q1 earnings on Wednesday, with revenue anticipated at $78.67 billion and EPS of $1.76, as analysts look for results that exceed expectations to boost stock prices and alleviate concerns about a slowing investment cycle.
- Home Depot Performance Outlook: Home Depot is expected to see only 0.8% same-store sales growth in Q1, as rising mortgage rates and a challenging economic backdrop lead analysts to predict its full-year guidance will remain flat to 2%, reflecting low market expectations for its performance.
- TJX Companies Performance: TJX anticipates a 4.1% same-store sales growth in Q1, benefiting from consumer demand for quality merchandise at affordable prices, although rising freight costs may impact margins; nonetheless, the company is viewed as a solid long-term investment.
- Google Developer Conference: Google will host its annual developer conference on Tuesday and Wednesday, with analysts warning that a lack of a
See More
Rising Bond Yields Threaten Stock Market Rally
- Market Dynamics: CNBC's Jim Cramer emphasized that the bond market currently dictates stock market movements, warning that any robust stock performance could be undermined by bond volatility ahead of key earnings reports, necessitating investor caution.
- Oil Prices and Inflation: Following President Trump's tough stance on Iran, oil prices surged, leading to rising Treasury yields, with Cramer noting that inflation concerns have diminished hopes for interest rate cuts from the Federal Reserve, further increasing stock market uncertainty.
- IPO Risk Warning: Cramer highlighted signs of speculative excess in recent IPOs, urging investors to adopt a cautious stance toward equities; while a market crash isn't imminent, he stressed the importance of protecting gains against potential risks.
- Earnings Report Outlook: Cramer expressed caution regarding upcoming earnings reports, particularly for Home Depot and Nvidia, although he remains optimistic about Nvidia's long-term prospects, suggesting that the company will need to deliver a perfect quarter to see significant stock price increases.
See More
Bond Market Dominates Stock Trends, Cramer Issues Warning
- Market Dynamics: Cramer emphasizes that the bond market's volatility can significantly impact the stock market, especially ahead of key earnings reports, urging investors to remain vigilant to avoid losses due to bond market fluctuations.
- Oil Prices and Inflation Concerns: Trump's tough stance on Iran has led to rising oil prices and Treasury yields, with Cramer noting that stock market growth hinges on a decline in oil prices, highlighting increasing market concerns over inflation.
- IPO Market Risks: Cramer warns that speculative excess in recent IPOs could heighten risks in the stock market, suggesting that while a crisis hasn't emerged yet, investors should protect their gains and adopt a cautious approach.
- Upcoming Earnings Reports: Cramer expresses caution regarding upcoming earnings reports, particularly for Home Depot and Nvidia, although he remains optimistic about Nvidia's long-term prospects, stating it will need a perfect quarter to drive further stock price increases.
See More
Toll Brothers Set to Announce Q2 Earnings on May 19
- Earnings Announcement: Toll Brothers (TOL) is set to release its Q2 2023 earnings report on May 19 after market close, with consensus EPS estimate at $2.59, reflecting a 26% year-over-year decline, and revenue estimate at $2.42 billion, down 11.7% year-over-year.
- Historical Performance: Over the past two years, Toll Brothers has exceeded EPS estimates 75% of the time and revenue estimates 100% of the time, indicating a strong track record of financial performance and reliability.
- Estimate Revisions: In the last three months, EPS estimates have seen one upward revision and ten downward revisions, while revenue estimates have experienced six upward and four downward revisions, highlighting market uncertainty regarding the company's future performance.
- Market Analysis Perspective: Despite a cautious outlook on Toll Brothers' stock, analysts remain reassured by its valuation and fundamentals, suggesting that investors should carefully evaluate the timing of potential purchases in the current market environment.
See More
Toll Brothers Unveils New Luxury Townhomes in Milpitas
- Community Grand Opening: Toll Brothers has officially opened its South Main luxury townhome community in Milpitas, California, featuring three-story homes up to 1,684 square feet, priced from $1.2 million, catering to high-end buyers seeking luxury living.
- Modern Design Features: Each home includes 3 bedrooms, 3 bathrooms, and attached 2-car garages, designed with modern aesthetics such as private balconies and high ceilings, aimed at enhancing living comfort and attracting families desiring a high-quality lifestyle.
- Prime Location Benefits: The community is strategically located near major Silicon Valley employers, shopping, and recreational areas, with walkable access to the Great Mall of the Bay Area and Milpitas Square, providing residents with convenient transportation options.
- Personalized Design Studio Experience: The Toll Brothers Design Studio offers homebuyers a wide range of customization options with the assistance of professional design consultants, enhancing the home buying experience and increasing customer satisfaction.
See More
Toll Brothers Launches New Luxury Community in East Cobb
- Community Opening: Toll Brothers has launched its new community, Cameron Cove, in East Cobb, Marietta, Georgia, featuring flexible single-family home designs starting from the mid-$600,000s, catering to diverse lifestyle needs.
- Personalization Options: Cameron Cove offers homes with 3 to 5 bedrooms and up to 3,361 square feet, allowing buyers to customize their living spaces with options for basements, lofts, and additional bedrooms and bathrooms, enhancing the overall living experience.
- Resort-Style Amenities: The community includes resort-inspired amenities such as a pool, outdoor kitchen, playground, and open green spaces, significantly improving residents' quality of life and attracting family homebuyers.
- Strong Educational Resources: Located in one of Cobb County's most sought-after school districts, Cameron Cove provides residents with access to quality education while being conveniently close to shopping and dining options, thereby increasing the community's appeal.
See More
Nvidia Earnings Week Approaches, Market Anticipates Key Insights
- Nvidia Earnings Expectations: Nvidia is set to report its Q1 earnings on Wednesday, with revenue anticipated at $78.67 billion and EPS of $1.76, as analysts look for results that exceed expectations to boost stock prices and alleviate concerns about a slowing investment cycle.
- Home Depot Performance Outlook: Home Depot is expected to see only 0.8% same-store sales growth in Q1, as rising mortgage rates and a challenging economic backdrop lead analysts to predict its full-year guidance will remain flat to 2%, reflecting low market expectations for its performance.
- TJX Companies Performance: TJX anticipates a 4.1% same-store sales growth in Q1, benefiting from consumer demand for quality merchandise at affordable prices, although rising freight costs may impact margins; nonetheless, the company is viewed as a solid long-term investment.
- Google Developer Conference: Google will host its annual developer conference on Tuesday and Wednesday, with analysts warning that a lack of a
See More
Rising Bond Yields Threaten Stock Market Rally
- Market Dynamics: CNBC's Jim Cramer emphasized that the bond market currently dictates stock market movements, warning that any robust stock performance could be undermined by bond volatility ahead of key earnings reports, necessitating investor caution.
- Oil Prices and Inflation: Following President Trump's tough stance on Iran, oil prices surged, leading to rising Treasury yields, with Cramer noting that inflation concerns have diminished hopes for interest rate cuts from the Federal Reserve, further increasing stock market uncertainty.
- IPO Risk Warning: Cramer highlighted signs of speculative excess in recent IPOs, urging investors to adopt a cautious stance toward equities; while a market crash isn't imminent, he stressed the importance of protecting gains against potential risks.
- Earnings Report Outlook: Cramer expressed caution regarding upcoming earnings reports, particularly for Home Depot and Nvidia, although he remains optimistic about Nvidia's long-term prospects, suggesting that the company will need to deliver a perfect quarter to see significant stock price increases.
See More
Bond Market Dominates Stock Trends, Cramer Issues Warning
- Market Dynamics: Cramer emphasizes that the bond market's volatility can significantly impact the stock market, especially ahead of key earnings reports, urging investors to remain vigilant to avoid losses due to bond market fluctuations.
- Oil Prices and Inflation Concerns: Trump's tough stance on Iran has led to rising oil prices and Treasury yields, with Cramer noting that stock market growth hinges on a decline in oil prices, highlighting increasing market concerns over inflation.
- IPO Market Risks: Cramer warns that speculative excess in recent IPOs could heighten risks in the stock market, suggesting that while a crisis hasn't emerged yet, investors should protect their gains and adopt a cautious approach.
- Upcoming Earnings Reports: Cramer expresses caution regarding upcoming earnings reports, particularly for Home Depot and Nvidia, although he remains optimistic about Nvidia's long-term prospects, stating it will need a perfect quarter to drive further stock price increases.
See More
