Toll Brothers Likely To Report Lower Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Toll Brothers, Inc. TOL is projected to release financial results for its fourth quarter ended Oct. 31, 2023, after the closing bell on Dec. 5, 2023.

Analysts expect the company to post quarterly earnings at $3.71 per share, down from year-ago earnings of $4.70 per share. The company’s revenue might come in at $2.78 billion for the latest quarter, compared to $3.58 billion in the year-earlier quarter, according to data from Benzinga Pro.

Toll Brothers, during August, reported better-than-expected financial results for the third quarter and raised its forecast.

Toll Brothers shares fell 0.7% to close at $87.21 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Wedbush analyst Jay McCanless reiterated a Neutral rating with a price target of $82 on Nov. 29, 2023. This analyst has an accuracy rate of 82%.
• Wells Fargo analyst Sam Reid maintained an Overweight rating and raised the price target from $80 to $90 on Nov. 8, 2023. This analyst has an accuracy rate of 73%.
• Seaport Global analyst Mark Weintraub upgraded the stock from Neutral to Buy with a price target of $93 on Nov. 2, 2023. This analyst has an accuracy rate of 79%.
• Barclays analyst Matthew Bouley maintained an Underweight rating and cut the price target from $81 to $74 on Oct. 12, 2023. This analyst has an accuracy rate of 75%.
• UBS analyst John Lovallo maintained a Buy rating and increased the price target from $82 to $107 on Aug. 24, 2023. This analyst has an accuracy rate of 75%.

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