Toll Brothers Q3 Earnings Preview: Will Kamala Harris' 3 Million Homes Plan Boost Homebuilder Stocks?
Portfolio Pulse from Chris Katje
Toll Brothers Inc (NYSE:TOL) is set to report its Q3 earnings, with analysts expecting revenue of $2.71 billion and EPS of $3.31. The company has a strong track record of beating estimates. Recent analyst ratings have been mixed, with some downgrades and price target adjustments. The report comes amid discussions on Kamala Harris' housing plan, which could impact homebuilders. Toll Brothers' focus on luxury homes may not align directly with Harris' middle-class affordability plan.
August 19, 2024 | 6:43 pm
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Toll Brothers is expected to report Q3 earnings with revenue of $2.71B and EPS of $3.31. The company has a history of beating estimates. Recent analyst ratings are mixed, with some downgrades. Kamala Harris' housing plan could impact the sector, but Toll Brothers' luxury focus may not align with the plan's middle-class affordability goals.
Toll Brothers is directly impacted by its upcoming earnings report, with expectations of strong performance based on past trends. However, mixed analyst ratings and the potential impact of Kamala Harris' housing plan introduce uncertainty. The company's focus on luxury homes may not benefit directly from the plan aimed at middle-class affordability.
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