Toll Brothers Q3 Earnings: Revenue Beat, EPS Beat, Homes Delivered Up 11%, Backlog Down 10%, Momentum Into August And More
Portfolio Pulse from Adam Eckert
Toll Brothers Inc (NYSE:TOL) reported strong Q3 earnings, surpassing analyst expectations with revenue of $2.73 billion and EPS of $3.60. The company saw an 11% increase in homes delivered and a 10% decrease in backlog. With favorable market conditions, Toll Brothers raised its full-year guidance.
August 20, 2024 | 8:59 pm
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Toll Brothers reported Q3 earnings that exceeded expectations, with revenue of $2.73 billion and EPS of $3.60. Homes delivered increased by 11%, though backlog decreased by 10%. The company raised its full-year guidance, indicating confidence in future performance.
Toll Brothers' strong Q3 performance, with both revenue and EPS beating expectations, is likely to positively impact its stock price. The increase in homes delivered and raised full-year guidance further supports a positive outlook. The decrease in backlog is a minor concern but is outweighed by the overall positive results and market conditions.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100