Earnings Preview: Toll Brothers

Dec. 5.11 | About: Toll Brothers (TOL)

Toll Brothers (NYSE:TOL) is expected to report Q4 earnings before the market open on Tuesday, December 6 with a conference call scheduled for 2:00 pm ET.


Analysts are looking for EPS of 5c and revenue of $423.97M. The consensus range is (3c)-15c for EPS, and $398.97M -$460.6M for revenue, according to First Call. Toll reported mixed results in Q3, beating EPS but missing revenue estimates. Management offered a cautiously optimistic view on the overall recovery in the housing market. They claimed consumer confidence remained weak despite a small uptick in sales. Recent sentiment in the stock has been positive, with several firms issuing upgrades over the past three months. The shares have traded sharply higher since Q3 results were released in late August, bouncing off a 52-week low of $13.16 in early October and climbing to a recent $20.84. Regardless of Q4 results, in the near-term Toll will be subject to the performance of the economy, and specifically to consumer confidence.