Toll Brothers reported fiscal third quarter earnings and revenue that exceeded Wall Street consensus estimates and refined its full-year guidance. The homebuilder posted GAAP EPS of $2.97, beating the average analyst estimate of $2.94 but down from $3.73 a year earlier, while revenue of $2.66 billion topped the $2.62 billion consensus but fell from $2.95 billion in the prior-year quarter. The company now expects full-year 2026 deliveries of 10,500 to 10,600 homes, narrowing its prior guidance of 10,400 to 10,700, and narrowed its price per home outlook to $995,000 to $1.00 million from $985,000 to $1.00 million. Toll Brothers reaffirmed its full-year adjusted home sales gross margin guidance of 26.1 percent, and for the fiscal fourth quarter it expects to deliver 3,450 to 3,550 homes with an adjusted home sales gross margin of 26.0 percent. The average per-home price in the third quarter rose to $996,400 from $973,600 a year ago, while homes delivered dropped to 2,662 from 2,959 and backlog value fell to $6.24 billion from $6.38 billion.
Toll Brothers IncBeat Q3 estimates and narrowed full-year guidance, though EPS and revenue declined year-over-year.
