We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Here's Why Toll Brothers (TOL) Fell More Than Broader Market
Read MoreHide Full Article
The most recent trading session ended with Toll Brothers (TOL - Free Report) standing at $135.79, reflecting a -1.33% shift from the previouse trading day's closing. This change lagged the S&P 500's 0.47% loss on the day. Elsewhere, the Dow saw a downswing of 0.31%, while the tech-heavy Nasdaq depreciated by 0.51%.
Coming into today, shares of the home builder had gained 9.27% in the past month. In that same time, the Construction sector gained 0.6%, while the S&P 500 gained 1.67%.
The investment community will be paying close attention to the earnings performance of Toll Brothers in its upcoming release. The company's upcoming EPS is projected at $1.99, signifying a 11.56% drop compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1.9 billion, indicating a 2.56% downward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $14.15 per share and revenue of $10.99 billion. These totals would mark changes of -5.73% and +1.29%, respectively, from last year.
Any recent changes to analyst estimates for Toll Brothers should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 0.7% fall in the Zacks Consensus EPS estimate. Toll Brothers currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Toll Brothers is holding a Forward P/E ratio of 9.73. This signifies a premium in comparison to the average Forward P/E of 8.34 for its industry.
We can also see that TOL currently has a PEG ratio of 1.19. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Building Products - Home Builders was holding an average PEG ratio of 0.98 at yesterday's closing price.
The Building Products - Home Builders industry is part of the Construction sector. With its current Zacks Industry Rank of 218, this industry ranks in the bottom 14% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Here's Why Toll Brothers (TOL) Fell More Than Broader Market
The most recent trading session ended with Toll Brothers (TOL - Free Report) standing at $135.79, reflecting a -1.33% shift from the previouse trading day's closing. This change lagged the S&P 500's 0.47% loss on the day. Elsewhere, the Dow saw a downswing of 0.31%, while the tech-heavy Nasdaq depreciated by 0.51%.
Coming into today, shares of the home builder had gained 9.27% in the past month. In that same time, the Construction sector gained 0.6%, while the S&P 500 gained 1.67%.
The investment community will be paying close attention to the earnings performance of Toll Brothers in its upcoming release. The company's upcoming EPS is projected at $1.99, signifying a 11.56% drop compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1.9 billion, indicating a 2.56% downward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $14.15 per share and revenue of $10.99 billion. These totals would mark changes of -5.73% and +1.29%, respectively, from last year.
Any recent changes to analyst estimates for Toll Brothers should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 0.7% fall in the Zacks Consensus EPS estimate. Toll Brothers currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Toll Brothers is holding a Forward P/E ratio of 9.73. This signifies a premium in comparison to the average Forward P/E of 8.34 for its industry.
We can also see that TOL currently has a PEG ratio of 1.19. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Building Products - Home Builders was holding an average PEG ratio of 0.98 at yesterday's closing price.
The Building Products - Home Builders industry is part of the Construction sector. With its current Zacks Industry Rank of 218, this industry ranks in the bottom 14% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.