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Toll Brothers (TOL) Gains But Lags Market: What You Should Know
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The latest trading session saw Toll Brothers (TOL - Free Report) ending at $86.06, denoting a +0.31% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.74%. On the other hand, the Dow registered a gain of 0.58%, and the technology-centric Nasdaq increased by 1.13%.
The investment community will be paying close attention to the earnings performance of Toll Brothers in its upcoming release. The company is slated to reveal its earnings on December 5, 2023. It is anticipated that the company will report an EPS of $3.64, marking a 22.06% fall compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.78 billion, down 25.09% from the year-ago period.
Any recent changes to analyst estimates for Toll Brothers should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. As of now, Toll Brothers holds a Zacks Rank of #3 (Hold).
With respect to valuation, Toll Brothers is currently being traded at a Forward P/E ratio of 7.1. This indicates a discount in contrast to its industry's Forward P/E of 8.73.
Also, we should mention that TOL has a PEG ratio of 0.72. 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 average PEG ratio for the Building Products - Home Builders industry stood at 0.72 at the close of the market yesterday.
The Building Products - Home Builders industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 65, placing it within the top 26% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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) Gains But Lags Market: What You Should Know
The latest trading session saw Toll Brothers (TOL - Free Report) ending at $86.06, denoting a +0.31% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.74%. On the other hand, the Dow registered a gain of 0.58%, and the technology-centric Nasdaq increased by 1.13%.
The investment community will be paying close attention to the earnings performance of Toll Brothers in its upcoming release. The company is slated to reveal its earnings on December 5, 2023. It is anticipated that the company will report an EPS of $3.64, marking a 22.06% fall compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.78 billion, down 25.09% from the year-ago period.
Any recent changes to analyst estimates for Toll Brothers should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. As of now, Toll Brothers holds a Zacks Rank of #3 (Hold).
With respect to valuation, Toll Brothers is currently being traded at a Forward P/E ratio of 7.1. This indicates a discount in contrast to its industry's Forward P/E of 8.73.
Also, we should mention that TOL has a PEG ratio of 0.72. 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 average PEG ratio for the Building Products - Home Builders industry stood at 0.72 at the close of the market yesterday.
The Building Products - Home Builders industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 65, placing it within the top 26% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.