Toromont Industries Ltd expected to post earnings of C$1.42 a share - Earnings Preview

Toromont Industries

25/07/2023 03:02

* Toromont Industries Ltd  TIH.TO   is expected to show a
rise in
quarterly revenue when it reports  results on July 26. 
    * The Concord Ontario-based  company is expected to report 
a
8.6% increase in revenue to C$1.174 billion from C$1.08 billion
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$1.42 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "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$126​, above​ its last closing price
of C$108.64. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.88        0.85       1.16      Beat    36.3
 Dec. 31 2023  1.45        1.43       1.93      Beat    34.6
 Sep. 30 2022  1.35        1.33       1.49      Beat    11.7​
 Jun. 30 2022  1.19        1.17       1.34      Beat    14.1
 ​​Mar.        0.69        0.68       0.72      Beat    6.3
 31 2022                                                
 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. 30 2021  0.98        0.98       1.02      Beat    3.9
 This summary was machine generated July 25 at 02:01 GMT.  All
figures in Canadian dollars  unless otherwise stated