Toll Brothers, Inc. (NYSE: TOL) is scheduled to report third-quarter fiscal 2024  (ended Jul 31, 2024) results on Aug 20, after the closing bell. In the last reported quarter, the company's earnings missed the Zacks Consensus Estimate by 18.2%, but revenues beat the mark by 12.6%. Earnings and revenues increased 18.6% and 13.2% from the prior-year period, respectively. On an encouraging note, earnings topped analysts' expectations in three of the trailing four quarters and missed on another occasion, the average surprise being 12.9%. Trend in Estimate Revision The Zacks Consensus Estimate for the fiscal third-quarter earnings per share increased to $3.28 from $3.25 over the past 60 days. The said figure indicates a 12.1% decline from the year-ago EPS of $3.73. The consensus mark for revenues is pegged at $2.7 billion, indicating 0.3% year-over-year growth. Toll Brothers Inc. Price and EPS Surprise Toll Brothers Inc. price-eps-surprise | Toll Brothers Inc. Quote Factors to Note Toll Brothers' fiscal third-quarter home sales are expected to have increased slightly from the year-ago reported level, given higher deliveries. Although higher mortgage rates will impact the volumes to some extent, low-existing homes for sale have been driving demand for new homes in the market. This tailwind is likely to have helped the company drive growth. This apart, its focus on luxury move-up buyers, who already possess a residence and are looking to shift to larger and better homes, will somewhat contribute to the revenues. Toll Brothers has been enjoying greater pricing power than other homebuilding companies, as luxury homebuyers are less sensitive to price changes. The company has also been benefiting from the strategy of broadening its product lines, price points and geographies, ...