Toll Brothers (TOL) Tops Q2 EPS by 94c
Toll Brothers (NYSE: TOL) reported Q2 EPS of $2.85, $0.94 better than the analyst estimate of $1.91. Revenue for the quarter came in at $2.51 billion versus the consensus estimate of $2.06 billion.
| Third Quarter and FY 2023 Financial Guidance: | ||||||
| Third Quarter | Full Fiscal Year 2023 | |||||
| Deliveries | 2,350 - 2,450 units | 8,900 - 9,500 units | ||||
| Average Delivered Price per Home | $1,005,000 - $1,025,000 | $975,000 - $995,000 | ||||
| Adjusted Home Sales Gross Margin | 27.7 | % | 27.8 | % | ||
| SG&A, as a Percentage of Home Sales Revenues | 9.7 | % | 10.0 | % | ||
| Period-End Community Count | 360 | 385 | ||||
| Other Income, Income from Unconsolidated Entities, and Gross Margin from Land Sales and Other | $25 million | $125 million | ||||
| Tax Rate | 26.0 | % | 25.7 | % | ||
For earnings history and earnings-related data on Toll Brothers (TOL) click here.