Toromont Industries Ltd reports results for the quarter ended in September 30 - Earnings Summary

Toromont Industries

05/11/2024 07:48

* Toromont Industries Ltd  TIH.TO  reported quarterly
adjusted
earnings of C$1.60​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of C$1.76.  The mean expectation of eight analysts
for the quarter was for earnings of $1.68 per share. Wall Street
expected results to range from C$1.61  to $1.75 per share.
    * Revenue rose 14% to $1.34 billion from a year ago;
analysts
expected C$1.26 billion. 
    * Toromont Industries Ltd's reported EPS for the quarter was
$1.60​.
    * The company reported quarterly net income of $130.95
million.
    * Toromont Industries Ltd shares had fallen by 7.1% this
quarter and gained 5.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.7%
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 5 "strong buy" or "buy," 4
"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 138.00 
This summary was machine generated from LSEG data November 5 at
07:48 a.m. UTC. ​All figures in US 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
 Sep. 30 2024      1.68           1.60           Missed
 Jun. 30 2024      1.57           1.64           Beat
 Mar. 31 2024      1.13           1.01           Missed
 Dec. 31 2023      1.72           1.87           Beat