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

Toromont Industries

30/10/2023 23:18

* Toromont Industries Ltd  TIH.TO  reported quarterly
adjusted
earnings of C$1.76​​ per share for the quarter ended in
September. The mean expectation of eight analysts for the
quarter was for earnings of C$1.59 per share.
    * Revenue rose 3% to C$1.17 billion from a year ago;
analysts
expected C$1.21 billion. 
    * Toromont Industries Ltd's reported EPS for the quarter was
C$1.76​.
    * The mean earnings estimate of analysts had risen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Toromont Industries Ltd shares had fallen by 7.2% this
quarter and gained 5.1% so far this year.
    * The company reported quarterly net income of C$145.62
million.
    * Wall Street's median 12-month price target for Toromont
Industries Ltd is C$128.00 
    * 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
October 30 at 11:18 p.m. UTC. ​All figures in Canadian dollars
unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      1.59           1.76           Beat
 Jun. 30 2023      1.42           1.61           Beat
 Mar. 31 2023      0.85           1.16           Beat
 Dec. 31 2022      1.43           1.93           Beat