What's Going On With Toll Brothers Stock Wednesday?
Portfolio Pulse from Dylan Berman
Toll Brothers, Inc. (NYSE:TOL) shares rose after the company reported better-than-expected Q3 earnings and issued strong EPS guidance for fiscal 2024. The company beat analyst estimates with an adjusted EPS of $3.60 and sales of $2.73 billion. Toll Brothers also provided optimistic guidance for home deliveries and EPS for the next fiscal year. Analysts have adjusted their price targets following the earnings report.
August 21, 2024 | 4:03 pm
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Toll Brothers reported strong Q3 earnings, beating estimates with an EPS of $3.60 and sales of $2.73 billion. The company issued optimistic guidance for fiscal 2024, expecting EPS between $14.50 and $14.75, above analyst estimates. Analysts have adjusted their price targets, contributing to a 5.41% rise in TOL shares.
Toll Brothers' better-than-expected earnings and strong future guidance are positive indicators for the stock, leading to a rise in share price. Analysts' price target adjustments further support the positive sentiment.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100