Toll Brothers (TOL) Tops Q3 EPS by 29c
Toll Brothers (NYSE: TOL) reported Q3 EPS of $3.60, $0.29 better than the analyst estimate of $3.31. Revenue for the quarter came in at $2.73 billion versus the consensus estimate of $2.71 billion.
| Fourth Quarter and FY 2024 Financial Guidance: | ||||||
| Fourth Quarter | Full Fiscal Year 2024 | |||||
| Deliveries | 3,275 - 3,375 units | 10,650 - 10,750 units | ||||
| Average Delivered Price per Home | $940,000 - $950,000 | $975,000 | ||||
| Adjusted Home Sales Gross Margin | 27.5 | % | 28.3 | % | ||
| SG&A, as a Percentage of Home Sales Revenues | 8.6 | % | 9.4 | % | ||
| Period-End Community Count | 410 | 410 | ||||
| Other Income, Income from Unconsolidated Entities, and Gross Margin from Land Sales and Other | $47 million | $260 million | ||||
| Tax Rate | 26.0 | % | 25.4 | % | ||
"We also expect to earn between $14.50 and $14.75 per diluted share with a return on beginning equity of approximately 22.5%."
(Consensus sees FY EPS of $14.20)
For earnings history and earnings-related data on Toll Brothers (TOL) click here.