Toll Brothers (TOL) · wyniki II kw. 2026 i wycena

Przy wzroście 2,2% rocznie (3-letni wzrost przychodów) wartość godziwa z modelu to $154.92 na akcję — kurs jest o 1% poniżej niej. Obecna cena zakłada wzrost o 2,0% rocznie.

1. Prognoza

   Delivered home guidance is now 10,500–10,600 units at $995,000–$1 million, which equates to an approximate $53 million increase.

   Cytat ze źródła

   “We now project between 10,500 and 10,600 delivered homes at an average price between $995,000 and $1 million, which equates to an approximate $53 million increase in our full...”

2. Prognoza

   Interest and cost of sales are expected to be about 1.1% in Q4 and the full year.

   Cytat ze źródła

   “We expect interest and cost of sales to be approximately 1.1% in the fourth quarter and for the full year.”

3. Prognoza

   The company delivered 2,662 homes and generated $2.6 billion in sales revenue, exceeding the midpoint of its guidance for both units.

4. Słabnie

   The company is shifting focus toward the move up as the emphasis on high margin and good deal flow faded compared to the previous quarter.

   Cytat ze źródła

   “And when you combine that as a business in really good shape with high margin with good deal flow and less finished... We're focused more and more on move up.”

Script and answers carried a similar tone, so the script's message held up under questioning.

Zdania, które wpłynęły na ton

“And while we remain focused on executing in the current environment, we are well positioned to accelerate growth, margins and returns when market conditions eventually improve.”

“It's profitable growth, and that will continue to be our focus where we know we have a lot of opportunity.”

“This increase was once again driven by the successful execution of our growth strategy.”