Toll Brothers Second Quarter Earnings Sneak Peek

Toll Brothers, Inc. (NYSE:TOL) will unveil its latest earnings on Wednesday, May 23, 2012. Toll Brothers designs, builds, markets and arranges financing for single-family detached and attached homes in luxury residential communities.

Toll Brothers, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 4 cents per share, a spike from a loss of 6 cents in the year-ago quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved down. It has risen from 3 cents during the last month. For the year, analysts are projecting profit of 34 cents per share, a spike from net loss of 5 cents last year.

Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the first quarter, it reported a loss of 2 cents per share against a mean estimate of 3 cents. Two quarters ago, it beat expectations by 4 cents with net income of 9 cents.

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Wall St. Revenue Expectations: Analysts predict a rise of 18.6% in revenue from the year-earlier quarter to $379.3 million.

Analyst Ratings: Analysts are optimistic about this stock, with nine analysts rating it as a buy, one rating it as a sell and five rating it as a hold. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.

A Look Back: In the first quarter, the company swung to a loss of $2.8 million (2 cents a share) from a profit of $3.4 million (2 cents) a year earlier, missing analyst expectations. Revenue fell 3.6% to $322 million from $334.1 million.

Key Stats:

On the top line, the company is looking to rebound after a revenue drop last quarter. Revenue rose 6.3% in the the fourth quarter of the last fiscal year after dropping in the first quarter.

Stock Price Performance: Between February 22, 2012 and May 17, 2012, the stock price rose $3.48 (15.5%), from $22.48 to $25.96. The stock price saw one of its best stretches over the last year between August 23, 2011 and August 31, 2011, when shares rose for seven straight days, increasing 16.6% (+$2.45) over that span. It saw one of its worst periods between July 19, 2011 and July 27, 2011 when shares fell for seven straight days, dropping 6% (-$1.27) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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