Toromont Industries Ltd expected to post earnings of C$1.43 a share - Earnings Preview

Toromont Industries

10/02/2023 23:33

* Toromont Industries Ltd  TIH.TO   is expected to show a
rise in
quarterly revenue when it reports  results on February 14. 
    * The Concord Ontario-based  company is expected to report 
a
14.0% increase in revenue to C$1.09 billion from C$956.04
million a year ago, according to the mean estimate from 5
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Toromont Industries
Ltd
is for earnings of C$1.43 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$107.71. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2022  0.69        0.68       0.72      Beat    6.3​
 Dec. 31 2021  1.18        1.19       1.28      Beat    7.9
 ​​Sep.        1.14        1.13       1.12      Missed  -1.1
 30 2021                                                
 Jun. 30 2021  0.98        0.98       1.02      Beat    3.9​
 Mar. 31 2021  0.48        0.48       0.58      Beat    19.8
 Dec. 31 2020  1.06        1.05       1.07      Beat    2.1
 This summary was machine generated February 10 at 23:33 GMT. 
All figures in Canadian dollars  unless otherwise stated