Toll Brothers' Margin Outlook Conservative - Analysts Explain Why
Portfolio Pulse from Nabaparna Bhattacharya
Toll Brothers, Inc. (NYSE:TOL) shares are trading lower despite strong Q2 home sales revenues and deliveries. Analysts have mixed ratings, with BofA Securities maintaining a Buy rating, while RBC Capital Markets and Wedbush have Neutral ratings. The company's conservative gross margin outlook and potential earnings volatility in certain markets are key concerns.
May 22, 2024 | 6:25 pm
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NEGATIVE IMPACT
Toll Brothers shares are trading lower by 8.04% despite strong Q2 results. Analysts have mixed ratings, with concerns over conservative gross margin outlook and potential earnings volatility in certain markets.
The stock is trading lower by 8.04% due to concerns over the company's conservative gross margin outlook and potential earnings volatility in certain markets, despite strong Q2 results. Mixed analyst ratings further contribute to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100