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

Toromont Industries

27/07/2022 01:07

* Toromont Industries Ltd  TIH.TO  reported quarterly
adjusted
earnings of C$1.34​​ per share for the quarter ended in June.
The mean expectation of seven analysts for the quarter was
for earnings of C$1.17 per share.
    * Revenue fell 4.1% to C$1.08 billion from a year ago;
analysts
expected C$1.16 billion. 
    * Toromont Industries Ltd's reported EPS for the quarter was
C$1.34​.
    * The mean earnings estimate of analysts had fallen by
about 2.5%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Toromont Industries Ltd shares had risen by 1.7% this
quarter and lost 7.4% so far this year.
    * The company reported quarterly net income of C$111.68
million.
    * Wall Street's median 12-month price target for Toromont
Industries Ltd is C$120.00 
    * 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 July 27
at 12:07 a.m.  ​All figures in Canadian dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      1.17           1.34           Beat
 Mar. 31 2022      0.68           0.72           Beat
 Dec. 31 2021      1.19           1.28           Beat
 Sep. 30 2021      1.13           1.12           Missed