Toll Brothers Shares Dip On Q2 Results Despite Earnings Beat
Portfolio Pulse from Vaishali Prayag
Toll Brothers (NYSE:TOL) shares fell despite beating Q2 earnings estimates. The company reported EPS of $4.55, surpassing the $4.06 estimate, and sales of $2.837 billion, beating the $2.533 billion estimate. Despite raising its full-year outlook, market skepticism and a Neutral rating from Wedbush analyst Jay McCanless weighed on the stock.
May 22, 2024 | 6:23 pm
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Toll Brothers reported strong Q2 earnings, beating estimates with EPS of $4.55 and sales of $2.837 billion. Despite raising its full-year outlook, the stock fell 8.08% due to market skepticism and a Neutral rating from Wedbush.
Despite strong financial performance and raised guidance, the stock fell due to market skepticism and a Neutral rating from Wedbush. This indicates that investors may have concerns beyond the immediate financial results.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100