Toll Brothers(TOL, $40.00) beats fiscal Q4 earnings and revenue
Toll Brothers reported fiscal-fourth-quarter earnings and revenue that surpassed analysts' expectations.
For the quarter ended Oct. 31, the luxury-home builder company’s earnings came in at $1.41 a share, compared to the $1.29 expected by analysts polled by FactSet. The EPS was, however, down -32% from the year-ago quarter.
Revenue fell -3.1% year-over-year to $2.38 billion, but exceeded analysts’ estimate of $2.19 billion.
Contracts were up +18% in units and 12% in dollars, for the fourth quarter.
Chairman and Chief Executive Douglas Yearley Jr. emphasized that October housing starts were the strongest since July 2007, while the supply of homes on the market "remains constrained." He also hinted at tailwinds from healthy consumer confidence and interest rates, and low unemployment rate.
For the first fiscal quarter, Toll Brothers projects deliveries of 1,650 to 1,850 homes, with an average price in the range of $800,000 to $820,000.
Momentum Indicator for TOL turns positive, indicating new upward trend
TOL saw its Momentum Indicator move above the 0 level on September 12, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 93 similar instances where the indicator turned positive. In of the 93 cases, the stock moved higher in the following days. The odds of a move higher are at .
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Notable companies
The most notable companies in this group are DR Horton (NYSE:DHI), Lennar Corp (NYSE:LEN), Pultegroup (NYSE:PHM), KB Home (NYSE:KBH).
Industry description
Homebuilding includes companies residential home construction companies, renovators and repair firms. The companies may be building single-family or multifamily homes, condominiums or mobile homes. Over the five years to 2019, the Home Builders industry is estimated to have grown at an annualized rate of 2.5% to reach $89.4 billion, (including expected growth of 2.6% in 2019), according to a study by IbisWorld. After having suffered one of its worst crises a decade ago during the last macroeconomic recession–which had much of its origins in U.S. real estate – the homebuilding industry has been recovering steadily so far. Higher disposable incomes and improving economic activity have bolstered consumers’ purchases of homes. While revenue of the Home Builders industry remains well below its prerecession high, demand growth estimates show promise.
Market Cap
The average market capitalization across the Homebuilding Industry is 7.73B. The market cap for tickers in the group ranges from 66.68K to 53.71B. DHI holds the highest valuation in this group at 53.71B. The lowest valued company is ASCK at 66.68K.
High and low price notable news
The average weekly price growth across all stocks in the Homebuilding Industry was 4%. For the same Industry, the average monthly price growth was 7%, and the average quarterly price growth was 13%. VNJA experienced the highest price growth at 20%, while STHI experienced the biggest fall at -24%.
Volume
The average weekly volume growth across all stocks in the Homebuilding Industry was -6%. For the same stocks of the Industry, the average monthly volume growth was -0% and the average quarterly volume growth was -79%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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