Toll Brothers jumps after Q2 earnings tops estimates
21/05/2025 11:28
** Luxury homebuilder Toll Brothers TOL.N shares soar nearly 6% to $110 premarket
** Co on Tuesday posted Q2 home sales revenue of $2.71 bln vs Wall Street estimates of $2.48 bln
** TOL's Q2 adj EPS $3.5/share vs estimates of $2.83/share
** Co reaffirmed forecast for 2025 deliveries of 11,200 to 11,600 units
** Eleven of 19 brokerages rate the stock "buy" or higher, seven "hold" and one "sell"; their median PT is $136.50- data compiled by LSEG
** As of last close, stock had fallen 17% YTD
(Reporting by Apratim Sarkar)
((Apratim.Sarkar@thomsonreuters.com))