Toll Brothers (NYSE:TOL) is expected to report Q1 earnings before the market open on Wednesday, February 22 with a conference call scheduled for 2:00 pm ET.
Analysts are looking for EPS of 2c and revenue of $360.84M. The consensus range is (13c)-7c for EPS, and $338M -$403.89M for revenue, according to First Call. Toll reported positive results in Q4, beating both EPS and revenue estimates. Management offered a cautiously optimistic view on the overall recovery in the housing market. They anticipated delivering 2,400-3,200 homes in FY12, and said that a slight increase in confidence would bring a great increase in demand. Recent sentiment in the stock has been mostly negative. Several firms have issued downgrades over the past three months citing "stretched valuation." The shares have traded sharply higher since Q4 results were released in early December, advancing from around $20 to a recent $24.06. Regardless of Q1 results, in the near-term Toll will be subject to the performance of the economy, and specifically to consumer confidence.