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

Toromont Industries

28/04/2023 24:26

* Toromont Industries Ltd  TIH.TO  reported quarterly
adjusted
earnings of C$1.16​​ per share for the quarter ended in March.
The mean expectation of eight analysts for the quarter was
for earnings of 85 cents per share.
    * Revenue rose 23.4% to C$1.06 billion from a year ago;
analysts
expected C$938.00 million. 
    * Toromont Industries Ltd's reported EPS for the quarter was
C$1.16​.
    * The mean earnings estimate of analysts had fallen by
about 8.6%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Toromont Industries Ltd shares had fallen by 1.9% this
quarter and gained 11.4% so far this year.
    * The company reported quarterly net income of C$96 million.
    * Wall Street's median 12-month price target for Toromont
Industries Ltd is C$125.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
April 27 at 11:26 p.m. UTC. ​All figures in Canadian dollars
unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.85           1.16           Beat
 Dec. 31 2022      1.43           1.93           Beat
 Sep. 30 2022      1.33           1.49           Beat
 Jun. 30 2022      1.17           1.34           Beat