Toll Brothers Inc. (TOL - Free Report) is set to report second-quarter fiscal 2019 results on May 21, after market close. In the last reported quarter, the company’s earnings came in at 76 cents per share, beating the Zacks Consensus Estimate by 20.6%. In fact, the stock outpaced the Zacks Consensus Estimate in the trailing five quarters.
First-quarter fiscal 2019 revenues of $1.36 billion also topped the consensus mark of $1.29 billion. The bottom line fell 8.4% from the year-ago profit level but the top line increased 16%, reflecting higher deliveries and pricing.
How are Estimates Faring?
Let’s take a look at the estimate revision trend in order to get a clear picture of what analysts are thinking about the company prior to the earnings release. The Zacks Consensus Estimate for the quarter to be reported is pegged at 77 cents per share, remaining unchanged over the past 30 days. This is indicative of a decline of 2.5% from the year-ago reported figure. Revenues are expected to be $1.54 billion, down 3.6% year over year.
Toll Brothers Inc. Price and EPS Surprise