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Toll Brothers (TOL) Outpaces Stock Market Gains: What You Should Know
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In the latest close session, Toll Brothers (TOL - Free Report) was up +1.46% at $137.81. This change outpaced the S&P 500's 0.44% gain on the day. Elsewhere, the Dow gained 0.36%, while the tech-heavy Nasdaq added 0.54%.
Coming into today, shares of the home builder had lost 8.02% in the past month. In that same time, the Construction sector lost 7.17%, while the S&P 500 lost 3.31%.
Investors will be eagerly watching for the performance of Toll Brothers in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $2.57, reflecting a 26.57% decrease from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $2.41 billion, indicating a 12.05% decline compared to the corresponding quarter of the prior year.
TOL's full-year Zacks Consensus Estimates are calling for earnings of $12.71 per share and revenue of $10.64 billion. These results would represent year-over-year changes of -5.78% and -2.97%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Toll Brothers. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Toll Brothers is holding a Zacks Rank of #3 (Hold) right now.
With respect to valuation, Toll Brothers is currently being traded at a Forward P/E ratio of 10.69. This indicates a discount in contrast to its industry's Forward P/E of 12.28.
Meanwhile, TOL's PEG ratio is currently 1.06. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Building Products - Home Builders was holding an average PEG ratio of 1.63 at yesterday's closing price.
The Building Products - Home Builders industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 230, finds itself in the bottom 6% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Toll Brothers (TOL) Outpaces Stock Market Gains: What You Should Know
In the latest close session, Toll Brothers (TOL - Free Report) was up +1.46% at $137.81. This change outpaced the S&P 500's 0.44% gain on the day. Elsewhere, the Dow gained 0.36%, while the tech-heavy Nasdaq added 0.54%.
Coming into today, shares of the home builder had lost 8.02% in the past month. In that same time, the Construction sector lost 7.17%, while the S&P 500 lost 3.31%.
Investors will be eagerly watching for the performance of Toll Brothers in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $2.57, reflecting a 26.57% decrease from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $2.41 billion, indicating a 12.05% decline compared to the corresponding quarter of the prior year.
TOL's full-year Zacks Consensus Estimates are calling for earnings of $12.71 per share and revenue of $10.64 billion. These results would represent year-over-year changes of -5.78% and -2.97%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Toll Brothers. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Toll Brothers is holding a Zacks Rank of #3 (Hold) right now.
With respect to valuation, Toll Brothers is currently being traded at a Forward P/E ratio of 10.69. This indicates a discount in contrast to its industry's Forward P/E of 12.28.
Meanwhile, TOL's PEG ratio is currently 1.06. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Building Products - Home Builders was holding an average PEG ratio of 1.63 at yesterday's closing price.
The Building Products - Home Builders industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 230, finds itself in the bottom 6% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.