* Toromont Industries Ltd TIH.TO reported quarterly
adjusted
earnings of C$1.90 per share for the quarter ended December
31, higher than the same quarter last year, when the company
reported EPS of C$1.87. The mean expectation of eight analysts
for the quarter was for earnings of C$1.73 per share. Wall
Street expected results to range from C$1.60 to C$1.90 per
share.
* Revenue rose 6.5% to C$1.31 billion from a year ago;
analysts
expected C$1.29 billion.
* Toromont Industries Ltd's reported EPS for the quarter was
C$1.90.
* The company reported quarterly net income of C$156.3
million.
* Toromont Industries Ltd shares had risen by 4.1% this
quarter.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 0.1%
in the last three months.
* In the last 30 days, there have been no negative revisions
of
earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."
* The average consensus recommendation for the heavy
machinery &
vehicles peer group is also "buy"
Wall Street's median 12-month price target for Toromont
Industries Ltd is C$132.00
This summary was machine generated from LSEG data February 11 at
11:38 p.m. UTC. 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Dec. 31 2024 1.73 1.90 Beat
Sep. 30 2024 1.68 1.60 Missed
Jun. 30 2024 1.57 1.64 Beat
Mar. 31 2024 1.13 1.01 Missed