04:29 PM EDT, 08/15/2025 (MT Newswires) -- Toll Brothers ( TOL ) is expected to see a more neutral, uncertain setup in its fiscal Q3 results, with likely tougher near-term volume trends, partly offset by already tempered investor expectations, RBC Capital Markets said in a note emailed Friday.

RBC analysts project fiscal Q3 orders of 2,605 units, an increase of 5% year over year, versus the Street's 2,563. For fiscal Q4 orders, they forecast 2,580, a decrease of 3% year over year, also below consensus.

The firm's analysts estimate fiscal Q3 earnings of $3.54 per share on revenue of $2.82 billion. Analysts polled by FactSet expect $3.60 and $2.86 billion, respectively.

The analysts also expect Q3 gross margins at 27.2%, in line with guidance, reflecting potential benefits from higher build-to-order margins and near-term Pacific/luxury closings.

Toll Brothers ( TOL ) will release its fiscal Q3 results on Tuesday.