Toll Brothers: Fiscal Q4 Results Validate The Bullish Case
Summary
- Toll Brothers shares have already returned 24% since my buy recommendation two months ago, but there is still potential for 28% more upside.
- The company's fiscal fourth quarter results exceeded expectations, with earnings of $4.11 per share and a net income of $446 million.
- TOL's strong guidance for 2024, including the expected delivery of 10,100 homes and robust margins, supports the bullish thesis.
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