04:41 PM EDT, 08/19/2024 (MT Newswires) -- Toll Brothers ( TOL ) fiscal Q3 results may miss on orders and match or top forecasts on gross margins, RBC Capital Markets said Monday in a report.

"We see downside to our orders estimate given misses across peers as well as the deceleration in broader demand data over the last several months," RBS said. Management remains confident on margins, though continued pricing weakness may pose risks for fiscal 2025, RBC analysts said.

Earnings in Q3 are estimated at $3.31 a share, in line with the consensus, and fiscal Q4 EPS is expected at $4 versus the Street's $4.06, RBC said. Homebuilding revenue is estimated at $2.7 billion, trailing the Street's $2.73 billion estimate, with deliveries at 2,810 units, below the consensus of 2,849, RBC said.

RBC rates Toll Brothers ( TOL ) as outperform. Results for Q3 are scheduled for Tuesday.

Shares of Toll Brothers ( TOL ) rose 0.2% in after-hours trading after gaining 3.4% in the regular session Monday.

Price: 133.65, Change: +0.03, Percent Change: +0.02