For fiscal year 2013, analysts are estimating earnings of 88 cents per share, but those estimates have been shrinking due to concerns over the broader economy.
“I think it will be a pretty good report for Toll. The high-end and move-up markets is where it’s at right now,” said David Goldberg, a home builder analyst at UBS. “Pricing is improving.”
(Read More: Home Builders Get Jitters for First Time in a Year.)
Toll reported very strong earnings last quarter, with big jumps in both sales and income and a drop in cancellation rates. There had been concern that the looming “fiscal cliff” would hit Toll’s higher-end customers, but that did not come to pass.
While other home builders have seen big jumps in their stock prices over the past year, Toll is up just under 3 percent from a year ago. However, it is up nearly 25 percent from last November, when it had taken it a big dip.
(Read More: Mortgage Mess Still Mires US Housing Recovery.)
Article source: http://www.cnbc.com/id/100470583