Toll Brothers Q4 EPS $4.11 Beats $3.71 Estimate, Sales $3.02B Beat $2.77B Estimate
Portfolio Pulse from Benzinga Newsdesk
Toll Brothers (NYSE:TOL) reported Q4 earnings of $4.11 per share, surpassing the $3.71 estimate, and sales of $3.02B, exceeding the $2.77B estimate. However, these figures represent a decrease from the same period last year, with earnings down 27% and sales down 18.64%.
December 05, 2023 | 9:31 pm
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NEUTRAL IMPACT
Toll Brothers reported higher-than-expected Q4 earnings and sales, but both metrics show a significant decrease from the previous year.
While the earnings and sales beat may provide a short-term positive sentiment, the year-over-year decline could raise concerns about the company's growth trajectory, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100