In the month leading up to the Toll Brothers' second quarter earnings announcement slated for Wednesday, May 27, 2015, expectations have risen for the upcoming results. The consensus analyst estimate has gone from 35 cents per share to the current projection of earnings of 37 cents per share.
Over the past month, the consensus estimate has risen from 35 cents, but it's below the estimate of 39 cents from three months ago. For the fiscal year, analysts are projecting earnings of $2.10 per share. Revenue is projected to eclipse the year-earlier total of $860.4 million by less than a percent, finishing at $861.2 million for the quarter. Analysts are projecting that revenue this quarter will remain flat at $861.2 million. For the year, revenue is expected to come in at $4.26 billion.
A decline in revenue in the first quarter snapped a streak of three consecutive quarters of growing revenue.
In each of the the past three quarters, the company has seen its profits increase. In the most recent quarter, net income rose by 25% from the year-earlier period. Net income rose 39% in the quarter before that, and more than twofold in the third quarter.
Toll Brothers designs, builds, markets and arranges financing for single-family detached and attached homes in luxury residential communities. Other companies in the construction services industry with upcoming earnings release dates include: Lennar and KB Home.
Earnings estimates provided by Zacks.
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