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December 3, 2012
14:12 EDTTOLEarnings Preview: Toll Brothers sentiment mixed ahead of Q4 results
Toll Brothers (TOL) is expected to report Q4 earnings before the market open on Tuesday, December 4 with a conference call scheduled for 2:00 pm ET. Analysts are looking for EPS of 24c and revenue of $566.74M. The consensus range is 12c-31c for EPS, and $527.7M-$633.16M for revenue, according to First Call. Toll reported positive results in Q3, handily beating EPS and revenue estimates. Management offered a cautiously optimistic view on the housing market, saying, “it was on the mend.” They noted that they were seeing the most sustained demand in over five years, but consumer confidence was still fragile. The company anticipated delivering 3,000-3,200 homes in FY12, and 800-1,000 homes in Q4, slightly higher than prior guidance. Toll’s Q3 backlog was up 59% year over year to $1.62B. Recent sentiment in the stock has been mixed. Several firms have issued downgrades over the past three months, but JMP Securities resumed coverage of the shares with an Outperform rating on September 5. Toll’s stock made a fresh 52-week high of $37.08 in September, and currently sits at approximately the same level it did three months ago. The shares are up about 60% year over year, and approximately 130% since October of 2011.
News For TOL From The Last 14 Days
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June 19, 2015
14:26 EDTTOLHomebuilders advance after KB Home reports earnings
Shares of homebuilder stocks are rallying in a down market after group member KB Home (KBH) reported second quarter EPS of 10c on revenue of $623M, beating consensus estimates of 8c and $619M, respectively. Net orders grew 33% to 3,015 in the current quarter, compared to 2,269 in the year-earlier quarter, largely driven by expansion in the company’s average community count. PRICE ACTION: In afternoon trading KB Home is up about 10% to $16.46. Other homebuilder stocks are moving up as well, with DR Horton (DHI) and PulteGroup (PHM) each up about 2% and Lennar (LEN) up 3%.

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