Toll Brothers Likely To Report Lower Q3 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Toll Brothers, Inc. (NYSE:TOL) is expected to report lower Q3 earnings, with analysts forecasting $3.31 per share compared to $3.73 last year. Revenue is projected at $2.71 billion. Analysts have revised their ratings, with some downgrading and others maintaining or boosting price targets.
August 20, 2024 | 2:01 pm
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Toll Brothers is expected to report lower Q3 earnings, with EPS forecasted at $3.31, down from $3.73 last year. Revenue is projected at $2.71 billion. Analysts have mixed ratings, with some downgrading and others maintaining or boosting price targets.
The expected drop in earnings per share from $3.73 to $3.31 indicates a potential negative impact on the stock price. The mixed analyst ratings, with some downgrades, suggest uncertainty and potential downward pressure on the stock. However, the recent share price increase and dividend announcement may provide some support.
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