Toro Co reports results for the quarter ended in July 31 - Earnings Summary

Toro Co

05/09/2024 15:08

* Toro Co  TTC.N  reported quarterly adjusted earnings of
$1.18​​
per share for the quarter ended July 31, higher than the same
quarter last year, when the company reported EPS of 95 cents. 
The mean expectation of six analysts for the quarter was
for earnings of $1.22 per share. Wall Street expected results to
range from $1.21  to $1.24 per share.
    * Revenue rose 6.9% to $1.16 billion from a year ago;
analysts
expected $1.26 billion. 
    * Toro Co's reported EPS for the quarter was $1.14​.
    * The company reported quarterly net income of $119.3
million.
    * Toro Co shares had fallen by 2.7% this quarter and
lost 5.2% so
far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.4%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

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 102.00
This summary was machine generated from LSEG data September 5 at
02:08 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
 Jul. 31 2024      1.22           1.18           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