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Exploring Analyst Estimates for Toll Brothers (TOL) Q3 Earnings, Beyond Revenue and EPS
Wall Street analysts forecast that Toll BrothersTOL-- (TOL) will report quarterly earnings of $2.90 per share in its upcoming release, pointing to a year-over-year decline of 22.3%. It is anticipated that revenues will amount to $2.6 billion, exhibiting a decrease of 11.8% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain Toll Brothers metrics that are commonly tracked and forecasted by Wall Street analysts.
Based on the collective assessment of analysts, 'Revenues- Home Sales' should arrive at $2.59 billion. The estimate points to a change of -10.1% from the year-ago quarter.
Analysts forecast 'Revenues- Land sales' to reach $13.17 million. The estimate suggests a change of -79.5% year over year.
The collective assessment of analysts points to an estimated 'Closed/Delivered - Units' of 2,658 . Compared to the present estimate, the company reported 2,959 in the same quarter last year.
Analysts predict that the 'Backlog - Units' will reach 5,357 . Compared to the current estimate, the company reported 5,492 in the same quarter of the previous year.
Analysts' assessment points toward 'Average delivered price (Total Average Price Per Unit)' reaching $976.66 . Compared to the current estimate, the company reported $973.60 in the same quarter of the previous year.
The consensus estimate for 'Net contracts - Units' stands at 2,621 . The estimate compares to the year-ago value of 2,388 .
The average prediction of analysts places 'Average Backlog Price' at $1143.68 . Compared to the present estimate, the company reported $1161.00 in the same quarter last year.
Analysts expect 'Backlog - Value' to come in at $6.11 billion. The estimate is in contrast to the year-ago figure of $6.38 billion.
The combined assessment of analysts suggests that 'Number of Selling Communities' will likely reach 475 . Compared to the current estimate, the company reported 420 in the same quarter of the previous year.
The consensus among analysts is that 'Gross Margin- Land sales and other' will reach $1.42 million. The estimate is in contrast to the year-ago figure of $3.18 million.
According to the collective judgment of analysts, 'Gross Margin- Home sales' should come in at $622.11 million. The estimate compares to the year-ago value of $738.21 million.
View all Key Company Metrics for Toll Brothers here>>>Over the past month, Toll Brothers shares have recorded returns of -3% versus the Zacks S&P 500 composite's +2.4% change. Based on its Zacks Rank #3 (Hold), TOLTOL-- will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Toll Brothers Inc. (TOL): Free Stock Analysis Report
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