Toll Brothers' Earnings Maintain Robust Growth Despite Wall Street's Opinion
Based on Wall Street's response to Toll Brothers' (NYSE: TOL) most recent earnings report, it would seem that this past quarter wasn't that great. Digging into the overall results, though, it's not entirely clear what the Street didn't like. Like many of its peers, the luxury homebuilder posted robust year-over-year growth and is starting to show some payoff for its endeavors into new housing territory: apartments and high-rises.
Here's a brief rundown of Toll Brothers' latest earnings report as well as what management sees in this new market for homebuilding.
Image source: Toll Brothers.
Source: Fool.com
Toll Brothers Stock
€130.00
1.250%
Currently there is a rather positive sentiment for Toll Brothers with 24 Buy predictions and 7 Sell predictions.
On the other hand, the target price of 120 € is below the current price of 130.0 € for Toll Brothers, so the potential is actually -7.69%.
