For the quarter ended July 2024, Toll Brothers (TOL) reported revenue of $2.73 billion, up 1.5% from the same period last year. Earnings per share were $3.60, compared to $3.73 in the same quarter last year.
Reported revenue surprises by 1.17% versus the Zacks Consensus Estimate of $2.7 billion. With a consensus estimate of $3.28 per share, the EPS surprise is 9.76%.
While investors closely examine year-over-year revenue and earnings changes versus Wall Street expectations to determine their next moves, some key metrics always provide a more accurate picture of a company’s financial health.
Since these key figures influence sales and profit development, investors can estimate the price development of a share more precisely by comparing it with previous year figures and analysts’ estimates.
Here’s how Toll Brothers performed in the just-released quarter in terms of the metrics most watched and forecasted by Wall Street analysts:
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Closed/Delivered – Units
: 2.814 compared to the average estimate of 2.811 based on four analysts.
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Backlog – Units
: 6,769 versus 7,125 estimated by four analysts on average.
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Average delivery price (total average price per unit)
: $968.20 compared to the average estimate of $955.56 based on four analysts.
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Net contracts – units
: 2,490 compared to the average estimate of the four analysts of 2,843.
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Average backlog price
: $1,044 versus the average estimate of three analysts of $1,016.42.
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Residue – Value
: $7.07 billion versus $7.26 billion estimated by two analysts on average.
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Number of sales groups
: 404 compared to the average estimate of 400 based on two analysts.
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Income – Home Sales
: $2.72 billion versus the average estimate of five analysts of $2.68 billion. The reported figure represents a year-over-year change of +1.9%.
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Revenue – Land sales
: $3.47 million compared to the average estimate of $22.49 million based on three analysts. The reported figure represents a year-over-year change of -73.4%.
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Revenue – Housing
: $2.72 billion versus $2.67 billion estimated by two analysts on average. Compared to the same quarter last year, this figure represents a change of +1.9%.
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Gross Margin – Home Sales
: $747.31 million compared to $705.83 million estimated by four analysts on average.
You can find all important company figures for Toll Brothers here>>>
Toll Brothers shares have returned -0.4% over the past month versus a change of +1.9% for the Zacks S&P 500 Composite. The stock currently has a Zacks Rank #3 (Hold), suggesting it could perform in line with the broader market in the near future.
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