Toromont Industries Ltd expected to post earnings of C$1.57 a share - Earnings Preview

Toromont Industries

27/07/2024 24:49

* Toromont Industries Ltd  TIH.TO   is expected to show a
rise in
quarterly revenue when it reports  results on July 30 for the
period ending June 30 2024
    * The Concord Ontario-based  company is expected to report a
3.1% increase in revenue to C$1.212 billion from C$1.17 billion
a year ago, according to the mean estimate from 6 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Toromont Industries Ltd
is for
earnings of C$1.57 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$134.50​, above​ its last closing price
of C$127.73. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  1.15        1.13       1.01      Missed  -10.3
 Dec. 31 2024  1.73        1.72       1.87      Beat    8.5
 Sep. 30 2023  1.60        1.59       1.76      Beat    10.9​
 Jun. 30 2023  1.45        1.42       1.61      Beat    13.4
 ​​Mar.        0.88        0.85       1.16      Beat    36.3
 31 2023                                                
 Dec. 31 2022  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
 This summary was machine generated July 26 at 23:49 GMT.  All
figures in Canadian 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)