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Toll Brothers (TOL) Stock Declines While Market Improves: Some Information for Investors
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Toll Brothers (TOL - Free Report) closed the most recent trading day at $146.64, moving -1.75% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.8% for the day. On the other hand, the Dow registered a loss of 0.16%, and the technology-centric Nasdaq increased by 1.63%.
The home builder's shares have seen an increase of 12.02% over the last month, surpassing the Construction sector's gain of 10.98% and the S&P 500's gain of 8.11%.
Market participants will be closely following the financial results of Toll Brothers in its upcoming release. The company is forecasted to report an EPS of $2.57, showcasing a 26.57% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $2.41 billion, down 12.05% from the prior-year quarter.
TOL's full-year Zacks Consensus Estimates are calling for earnings of $12.67 per share and revenue of $10.64 billion. These results would represent year-over-year changes of -6.08% and -2.97%, respectively.
Any recent changes to analyst estimates for Toll Brothers should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.29% downward. Toll Brothers presently features a Zacks Rank of #3 (Hold).
With respect to valuation, Toll Brothers is currently being traded at a Forward P/E ratio of 11.78. This indicates a discount in contrast to its industry's Forward P/E of 14.31.
We can also see that TOL currently has a PEG ratio of 1.17. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Building Products - Home Builders industry currently had an average PEG ratio of 1.88 as of yesterday's close.
The Building Products - Home Builders industry is part of the Construction sector. With its current Zacks Industry Rank of 214, this industry ranks in the bottom 13% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Toll Brothers (TOL) Stock Declines While Market Improves: Some Information for Investors
Toll Brothers (TOL - Free Report) closed the most recent trading day at $146.64, moving -1.75% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.8% for the day. On the other hand, the Dow registered a loss of 0.16%, and the technology-centric Nasdaq increased by 1.63%.
The home builder's shares have seen an increase of 12.02% over the last month, surpassing the Construction sector's gain of 10.98% and the S&P 500's gain of 8.11%.
Market participants will be closely following the financial results of Toll Brothers in its upcoming release. The company is forecasted to report an EPS of $2.57, showcasing a 26.57% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $2.41 billion, down 12.05% from the prior-year quarter.
TOL's full-year Zacks Consensus Estimates are calling for earnings of $12.67 per share and revenue of $10.64 billion. These results would represent year-over-year changes of -6.08% and -2.97%, respectively.
Any recent changes to analyst estimates for Toll Brothers should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.29% downward. Toll Brothers presently features a Zacks Rank of #3 (Hold).
With respect to valuation, Toll Brothers is currently being traded at a Forward P/E ratio of 11.78. This indicates a discount in contrast to its industry's Forward P/E of 14.31.
We can also see that TOL currently has a PEG ratio of 1.17. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Building Products - Home Builders industry currently had an average PEG ratio of 1.88 as of yesterday's close.
The Building Products - Home Builders industry is part of the Construction sector. With its current Zacks Industry Rank of 214, this industry ranks in the bottom 13% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.