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

Toromont Industries

02/05/2024 24:29

* Toromont Industries Ltd  TIH.TO  reported quarterly
adjusted
earnings of $1.01​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of $1.16.  The mean expectation of eight analysts for the
quarter was for earnings of C$1.13 per share. Wall Street
expected results to range from C$1.01  to C$1.21 per share.
    * Revenue fell 4.2% to C$1.02 billion from a year ago;
analysts
expected $1.08 billion. 
    * Toromont Industries Ltd's reported EPS for the quarter was
$1.01​.
    * The company reported quarterly net income of $83.92
million.
    * Toromont Industries Ltd shares had fallen by 3.3% this
quarter and gained 8.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.8%
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 5 "strong buy" or "buy," 3
"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$137.00 
This summary was machine generated from LSEG data May 1 at 11:28
p.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
 Mar. 31 2024      1.13           1.01           Missed
 Dec. 31 2023                     1.87           
 Sep. 30 2023      1.59           1.76           Beat
 Jun. 30 2023      1.42           1.61           Beat