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Here's What Key Metrics Tell Us About Toll Brothers (TOL) Q3 Earnings
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For the quarter ended July 2024, Toll Brothers (TOL - Free Report) reported revenue of $2.73 billion, up 1.5% over the same period last year. EPS came in at $3.60, compared to $3.73 in the year-ago quarter.
The reported revenue represents a surprise of +1.17% over the Zacks Consensus Estimate of $2.7 billion. With the consensus EPS estimate being $3.28, the EPS surprise was +9.76%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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
: 2,814 compared to the 2,811 average estimate based on four analysts.
Backlog - Units
: 6,769 versus 7,125 estimated by four analysts on average.
Average delivered price (Total Average Price Per Unit)
: $968.20 compared to the $955.56 average estimate based on four analysts.
Net contracts - Units
: 2,490 versus the four-analyst average estimate of 2,843.
Average Backlog Price
: $1,044 versus the three-analyst average estimate of $1,016.42.
Backlog - Value
: $7.07 billion versus $7.26 billion estimated by two analysts on average.
Number of Selling Communities
: 404 compared to the 400 average estimate based on two analysts.
Revenues- Home Sales
: $2.72 billion versus the five-analyst average estimate of $2.68 billion. The reported number represents a year-over-year change of +1.9%.
Revenues- Land sales
: $3.47 million compared to the $22.49 million average estimate based on three analysts. The reported number represents a change of -73.4% year over year.
Revenues- Home Building
: $2.72 billion versus $2.67 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +1.9% change.
Gross Margin- Home sales
: $747.31 million versus $705.83 million estimated by four analysts on average.
Shares of Toll Brothers have returned -0.4% over the past month versus the Zacks S&P 500 composite's +1.9% 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.
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Here's What Key Metrics Tell Us About Toll Brothers (TOL) Q3 Earnings
For the quarter ended July 2024, Toll Brothers (TOL - Free Report) reported revenue of $2.73 billion, up 1.5% over the same period last year. EPS came in at $3.60, compared to $3.73 in the year-ago quarter.
The reported revenue represents a surprise of +1.17% over the Zacks Consensus Estimate of $2.7 billion. With the consensus EPS estimate being $3.28, the EPS surprise was +9.76%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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:
View all Key Company Metrics for Toll Brothers here>>>Closed/Delivered - Units
: 2,814 compared to the 2,811 average estimate based on four analysts.Backlog - Units
: 6,769 versus 7,125 estimated by four analysts on average.Average delivered price (Total Average Price Per Unit)
: $968.20 compared to the $955.56 average estimate based on four analysts.Net contracts - Units
: 2,490 versus the four-analyst average estimate of 2,843.Average Backlog Price
: $1,044 versus the three-analyst average estimate of $1,016.42.Backlog - Value
: $7.07 billion versus $7.26 billion estimated by two analysts on average.Number of Selling Communities
: 404 compared to the 400 average estimate based on two analysts.Revenues- Home Sales
: $2.72 billion versus the five-analyst average estimate of $2.68 billion. The reported number represents a year-over-year change of +1.9%.Revenues- Land sales
: $3.47 million compared to the $22.49 million average estimate based on three analysts. The reported number represents a change of -73.4% year over year.Revenues- Home Building
: $2.72 billion versus $2.67 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +1.9% change.Gross Margin- Home sales
: $747.31 million versus $705.83 million estimated by four analysts on average.Shares of Toll Brothers have returned -0.4% over the past month versus the Zacks S&P 500 composite's +1.9% 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.