Toromont Industries Ltd reports results for the quarter ended in December - Earnings Summary

Toromont Industries

14/02/2023 23:38

* Toromont Industries Ltd  TIH.TO  reported quarterly
adjusted
earnings of C$1.93​​ per share for the quarter ended in
December. The mean expectation of seven analysts for the quarter
was for earnings of C$1.43 per share.
    * Revenue rose 20.3% to C$1.15 billion from a year ago;
analysts
expected C$1.09 billion. 
    * Toromont Industries Ltd's reported EPS for the quarter was
C$1.93​.
    * The mean earnings estimate of analysts had fallen by
about 0.1%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Toromont Industries Ltd shares had risen by 10.9% this
quarter.
    * The company reported quarterly net income of C$159.86
million.
    * Wall Street's median 12-month price target for Toromont
Industries Ltd is C$118.50 
    * 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." 

This summary was machine generated from Refinitiv data February
14 at 11:38 p.m.  ​All figures in Canadian dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      1.43           1.93           Beat
 Sep. 30 2022      1.33           1.49           Beat
 Jun. 30 2022      1.17           1.34           Beat
 Mar. 31 2022      0.68           0.72           Beat