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

Toromont Industries

14/02/2024 24:20

* Toromont Industries Ltd  TIH.TO  reported quarterly
adjusted
earnings of C$1.87​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of C$1.93.  The mean expectation of
eight analysts for the quarter was for earnings of C$1.72 per
share. Wall Street expected results to range from C$1.66 
to C$1.79 per share.
    * Revenue rose 6.7% to C$1.23 billion from a year ago;
analysts
expected C$1.19 billion. 
    * Toromont Industries Ltd's reported EPS for the quarter was
C$1.87​.
    * The company reported quarterly net income of C$154.05
million.
    * Toromont Industries Ltd shares had risen by 3.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 7 "strong buy" or "buy," 2
"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$125.00 
This summary was machine generated from LSEG data February 14 at
12:20 a.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 2023      1.72           1.87           Beat
 Sep. 30 2023      1.59           1.76           Beat
 Jun. 30 2023      1.42           1.61           Beat
 Mar. 31 2023      0.85           1.16           Beat