Toll Brothers (TOL) Tops Q2 EPS by 41c, Offers Guidance
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Price: $151.92 -2.41%
Revenue Growth %: -9.4%
Financial Fact:
Cost of revenues: 991.42M
Today's EPS Names:
OCCI, MAYS, CRMT, More
Revenue Growth %: -9.4%
Financial Fact:
Cost of revenues: 991.42M
Today's EPS Names:
OCCI, MAYS, CRMT, More
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(Updated - May 21, 2024 4:35 PM EDT)
Toll Brothers (NYSE: TOL) reported Q2 EPS of $4.55, $0.41 better than the analyst estimate of $4.14. Revenue for the quarter came in at $2.84 billion versus the consensus estimate of $2.58 billion.
| Third Quarter and FY 2024 Financial Guidance: | |||
| Third Quarter | Full Fiscal Year 2024 | ||
| Deliveries | 2,750 to 2,850 units | 10,400 to 10,800 units | |
| Average Delivered Price per Home | $950,000 - $960,000 | $960,000 - $970,000 | |
| Adjusted Home Sales Gross Margin | 27.7% | 28.0% | |
| SG&A, as a Percentage of Home Sales Revenues | 9.2% | 9.6% | |
| Period-End Community Count | 400 | 410 | |
| Other Income, Income from Unconsolidated Entities, and Gross Margin from Land Sales and Other | $— | $260 million | |
| Tax Rate | 26.0% | 25.5% | |
- "We now expect to earn approximately $14.00 per diluted share in fiscal 2024 with a return on beginning equity of approximately 22%."
- (Consensus sees FY EPS of $13.72)
For earnings history and earnings-related data on Toll Brothers (TOL) click here.
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