Toromont Industries Ltd expected to post earnings of C$1.68 a share - Earnings Preview

Toromont Industries

02/11/2024 03:52

* Toromont Industries Ltd  TIH.TO   is expected to show a
rise in
quarterly revenue when it reports  results on November 4 for the
period ending September 30 2024
    * The Concord Ontario-based  company is expected to report a
7.5% increase in revenue to C$1.262 billion from C$1.17 billion
a year ago, according to the mean estimate from 8 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Toromont Industries Ltd
is for
earnings of $1.68 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 4
"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 138.00​, above​ its last closing price
of C$123.66. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  1.58        1.57       1.64      Beat    4.3
 Mar. 31 2024  1.15        1.13       1.01      Missed  -10.3
 Dec. 31 2023  1.73        1.72       1.87      Beat    8.5​
 Sep. 30 2023  1.60        1.59       1.76      Beat    10.9
 ​​Jun.        1.45        1.42       1.61      Beat    13.4
 30 2023                                                
 Mar. 31 2023  0.88        0.85       1.16      Beat    36.3​
 Jan. 1 0001   1.45        1.43       1.93      Beat    34.6
 Jan. 1 0001   1.35        1.33       1.49      Beat    11.7
 This summary was machine generated November 2 at 03:51 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)