Toll Brothers is facing declining EPS and revenue expectations for Q2, as well as declining demand in the luxury housing market due to high mortgage rates. The company has shown resilience with a recent 15% increase over the month, yet remains down 15% year-to-date. Analysts anticipate that pressures on margins could affect profitability, with competition from other builders also impacting buyer confidence. Despite challenges, limited resale supply and high rental inflation provide some support for new homebuilders.
For Q2, analysts forecast EPS of $2.89 on $2.67 billion in revenue, both modestly down year-over-year, indicating challenges in the luxury housing market.
Toll Brothers has risen +15% over the past month, but remains down -15% YTD as the Fed's rate outlook clouds luxury housing demand.
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