Toll Brothers (NYSE: TOL) Q3 Earnings Preview: What to Expect from the Luxury Homebuilder

• Toll Brothers (NYSE: TOL) is set to release its Q3 earnings, with analysts projecting an EPS of $2.93 and revenue of $2.62 billion.
• These estimates reflect a year-over-year decline from EPS of $3.73 and revenue of $2.95 billion, primarily due to high mortgage rates impacting demand.
• Despite a recent stock dip to $145.45, the luxury homebuilder maintains a strong financial position with a P/E ratio of 10.92, Debt-to-Equity ratio of 0.34, and Current Ratio of 4.07.

On August 18, 2026, Toll Brothers (NYSE: TOL) is scheduled to release its quarterly earnings report. Toll Brothers, a prominent American luxury homebuilder, focuses on building homes for a wealthy customer base, with an average home price of around $1,000,000. This business model provides some insulation from the wider, slower housing market, as highlighted by Barrons.

Wall Street analysts are watching Toll Brothers closely. They have set an earnings per share (EPS) estimate of $2.93. EPS is a company's profit divided by its number of common shares, showing how profitable it is on a per-share basis. The revenue projection for the quarter is approximately $2.62 billion.

These estimates suggest a decline from the same period last year. According to Benzinga Pro, Toll Brothers reported an EPS of $3.73 and revenue of $2.95 billion in the year-ago quarter. The expected drop is mainly due to high mortgage rates, which are affecting demand for new homes and the company's delivery numbers.

Ahead of the earnings, shares of Toll Brothers fell 1.9% to close at $145.45. In analyst coverage, Barclays analyst Matthew Bouley maintains an Underweight rating on the stock. However, he raised the price target from $115.00 to $122.00 on July 14, 2026, showing a slight adjustment in his outlook.

From a valuation standpoint, Toll Brothers has a Price-to-Earnings (P/E) ratio of 10.92. This metric helps investors gauge if a stock is over or undervalued compared to its earnings. The company also shows a strong financial position with a Debt-to-Equity ratio of 0.34 and a Current Ratio of 4.07.