We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Toll Brothers (TOL) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Read MoreHide Full Article
For the quarter ended October 2023, Toll Brothers (TOL - Free Report) reported revenue of $3.02 billion, down 18.6% over the same period last year. EPS came in at $4.11, compared to $4.67 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.78 billion, representing a surprise of +8.62%. The company delivered an EPS surprise of +12.30%, with the consensus EPS estimate being $3.66.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Toll Brothers performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Closed/Delivered - Units: 2,755 compared to the 2,707 average estimate based on five analysts.
Backlog - Units: 6,578 versus the five-analyst average estimate of 6,672.
Average delivered price (Total Average Price Per Unit): $1,071.50 versus the five-analyst average estimate of $1,012.
Net contracts - Units: 2,038 versus the five-analyst average estimate of 2,084.
Average Backlog Price: $1,055.80 compared to the $1,067.12 average estimate based on three analysts.
Number of Selling Communities: 370 compared to the 375 average estimate based on three analysts.
Backlog - Value: $6.95 billion versus $7.02 billion estimated by two analysts on average.
Revenues- Home Sales: $2.95 billion compared to the $2.75 billion average estimate based on six analysts. The reported number represents a change of -17.6% year over year.
Revenues- Land sales: $68.24 million versus the three-analyst average estimate of $39.56 million. The reported number represents a year-over-year change of -48%.
Gross Margin- Home sales: $810.38 million versus $734.45 million estimated by four analysts on average.
Gross Margin- Land sales and other: -$10.35 million versus $1.47 million estimated by three analysts on average.
Shares of Toll Brothers have returned +8.9% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Toll Brothers (TOL) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended October 2023, Toll Brothers (TOL - Free Report) reported revenue of $3.02 billion, down 18.6% over the same period last year. EPS came in at $4.11, compared to $4.67 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.78 billion, representing a surprise of +8.62%. The company delivered an EPS surprise of +12.30%, with the consensus EPS estimate being $3.66.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Toll Brothers performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Closed/Delivered - Units: 2,755 compared to the 2,707 average estimate based on five analysts.
- Backlog - Units: 6,578 versus the five-analyst average estimate of 6,672.
- Average delivered price (Total Average Price Per Unit): $1,071.50 versus the five-analyst average estimate of $1,012.
- Net contracts - Units: 2,038 versus the five-analyst average estimate of 2,084.
- Average Backlog Price: $1,055.80 compared to the $1,067.12 average estimate based on three analysts.
- Number of Selling Communities: 370 compared to the 375 average estimate based on three analysts.
- Backlog - Value: $6.95 billion versus $7.02 billion estimated by two analysts on average.
- Revenues- Home Sales: $2.95 billion compared to the $2.75 billion average estimate based on six analysts. The reported number represents a change of -17.6% year over year.
- Revenues- Land sales: $68.24 million versus the three-analyst average estimate of $39.56 million. The reported number represents a year-over-year change of -48%.
- Gross Margin- Home sales: $810.38 million versus $734.45 million estimated by four analysts on average.
- Gross Margin- Land sales and other: -$10.35 million versus $1.47 million estimated by three analysts on average.
View all Key Company Metrics for Toll Brothers here>>>Shares of Toll Brothers have returned +8.9% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.