Toromont Industries Ltd expected to post earnings of C$1.33 a share - Earnings Preview

Toromont Industries

29/10/2022 03:06

* Toromont Industries Ltd  TIH.TO   is expected to show a
rise in
quarterly revenue when it reports  results on November 1. 
    * The Concord Ontario-based  company is expected to report 
a
7.0% increase in revenue to C$1.067 billion from C$997.2 million
a year ago, according to the mean estimate from 6 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Toromont Industries
Ltd
is for earnings of C$1.33 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Toromont
Industries Ltd is C$118.5​, above​ its last closing price
of C$103.59. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2022  1.19        1.17       1.34      Beat    14.1
 Mar. 31 2022  0.69        0.68       0.72      Beat    6.3
 Dec. 31 2021  1.18        1.19       1.28      Beat    7.9​
 Sep. 30 2021  1.14        1.13       1.12      Missed  -1.1
 ​​Jun.        0.98        0.98       1.02      Beat    3.9
 30 2021                                                
 Mar. 31 2021  0.48        0.48       0.58      Beat    19.8​
 Dec. 31 2020  1.06        1.05       1.07      Beat    2.1
 Sep. 30 2020  0.83        0.83       0.94      Beat    13.4
 This summary was machine generated October 29 at 02:05 GMT.  All
figures in Canadian dollars  unless otherwise stated