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

Toro Co

07/03/2024 16:13

* Toro Co  TTC.N  reported quarterly adjusted earnings of 64
cents​​ per share for the quarter ended in January, lower than
the same quarter last year, when the company reported EPS of 98
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 66 cents per share. Wall Street expected
results to range from 60 cents to 72 cents per share.
    * Revenue fell 12.8% to $1.00 billion from a year ago;
analysts
expected $1.00 billion. 
    * Toro Co's reported EPS for the quarter was 62 cents​.
    * The company reported quarterly net income of $64.9
million.
    * Toro Co shares had fallen by 2.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 6
"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
$102.50 
This summary was machine generated from LSEG data March 7 at
04:11 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
 Jan. 31 2024      0.66           0.64           Missed
 Oct. 31 2023      0.56           0.71           Beat
 Jul. 31 2023      1.24           0.95           Missed
 Apr. 30 2023      1.52           1.58           Beat