Earnings Preview: What To Expect From Toll Brothers Today

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Toll Brothers Inc.
toll
It is scheduled to report earnings after the end of Tuesday. The stock hit a record high near $72 and is currently trading near that level. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock could easily slide down. To help you prepare, Street is looking forward to:

Gallery: Cities with the Most Housing

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Earnings Preview:

The company expects to report earnings of $2.48/share on revenue of $2.88 billion. Meanwhile, the so-called whisper number is a profit of $2.57/share. The Whisper number is the Street’s unofficial outlook on earnings.

A closer look at the fundamentals:

The company continues to grow as the housing boom continues on Main Street. Home prices have risen in most parts of the country over the years and home builders have benefited from this very strong demand. The company has enjoyed very healthy double and triple digit sales and earnings growth over the past few quarters!

A closer look at the tech:

Technically, the stock is doing very well and has just broken from a huge base to hit a new record high. The stock is doing great and a huge margin post earnings will attract a lot of buyers. Other housing stocks have risen after reporting earnings recently, which bodes well for Toll Brothers.

Pay attention to how the stock reacts to the news,

From where I sit, the most important feature I look for during earnings season is how the market and a specific company react to the news. Remember, always keep your losses small and never argue with tape.

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