Toromont Industries Ltd expected to post earnings of C$1.59 a share - Earnings Preview

Toromont Industries

28/10/2023 03:02

* Toromont Industries Ltd  TIH.TO   is expected to show a
rise in
quarterly revenue when it reports  results on October 30. 
    * The Concord Ontario-based  company is expected to report 
a
6.2% increase in revenue to C$1.21 billion from C$1.14 billion a
year ago, according to the mean estimate from 7 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Toromont Industries
Ltd
is for earnings of C$1.59 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$128​, above​ its last closing price
of C$102.71. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  1.45        1.42       1.61      Beat    13.4
 Mar. 31 2023  0.88        0.85       1.16      Beat    36.3
 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.        1.19        1.17       1.34      Beat    14.1
 30 2022                                                
 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
 This summary was machine generated October 28 at 02:01 GMT.  All
figures in Canadian dollars  unless otherwise stated