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

Toromont Industries

31/07/2024 01:14

* Toromont Industries Ltd  TIH.TO  reported quarterly
adjusted
earnings of C$1.64​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of $1.61.  The mean expectation of seven analysts
for the quarter was for earnings of C$1.57 per share. Wall
Street expected results to range from C$1.51  to C$1.67 per
share.
    * Revenue rose 15.7% to $1.36 billion from a year ago;
analysts
expected $1.21 billion. 
    * Toromont Industries Ltd's reported EPS for the quarter was
C$1.64​.
    * The company reported quarterly net income of C$135.35
million.
    * Toromont Industries Ltd shares had risen by 5.0% this
quarter and gained 9.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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." 
    * 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$134.50 
This summary was machine generated from LSEG data July 31 at
12:14 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
 Jan. 1 0001       1.57           1.64           Beat
 Mar. 31 2024      1.13           1.01           Missed
 Dec. 31 2023      1.72           1.87           Beat
 Sep. 30 2023      1.59           1.76           Beat