Toro Co reports results for the quarter ended in April - Earnings Summary

Toro Co

06/06/2024 15:31

* Toro Co  TTC.N  reported quarterly adjusted earnings of
$1.40​​
per share for the quarter ended in April, lower than the same
quarter last year, when the company reported EPS of $1.58.  The
mean expectation of six analysts for the quarter was
for earnings of $1.29 per share. Wall Street expected results to
range from $1.25  to $1.32 per share.
    * Revenue rose 0.7% to $1.35 billion from a year ago;
analysts
expected $1.34 billion. 
    * Toro Co's reported EPS for the quarter was $1.38​.
    * The company reported quarterly net income of $144.8
million.
    * Toro Co shares had fallen by 13.1% this quarter and
lost 17.0%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the heavy
machinery &
vehicles peer group is also "hold"

Wall Street's median 12-month price target for Toro Co is $95.00
This summary was machine generated from LSEG data June 6 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Apr. 30 2024      1.29           1.40           Beat
 Jan. 31 2024      0.66           0.64           Missed
 Oct. 31 2023      0.56           0.71           Beat
 Jul. 31 2023      1.24           0.95           Missed