Toromont Industries Ltd expected to post earnings of C$1.72 a share - Earnings Preview

Toromont Industries

09/02/2024 21:35

* Toromont Industries Ltd  TIH.TO   is expected to show a
rise in
quarterly revenue when it reports  results on February 13 for
the period ending December 31 2023
    * The Concord Ontario-based  company is expected to report a
3.5% increase in revenue to C$1.19 billion from C$1.15 billion a
year ago, according to the mean estimate from 7 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Toromont Industries Ltd
is for
earnings of C$1.72 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$125.00​, above​ its last closing price
of C$118.53. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2023  0.88        0.85       1.16      Beat    36.3​
 Dec. 31 2022  1.45        1.43       1.93      Beat    34.6
 ​​Sep.        1.35        1.33       1.49      Beat    11.7
 30 2022                                                
 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
 This summary was machine generated February 9 at 21:35 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)