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

Toromont Industries

03/11/2026 24:23

Toromont Industries Ltd TIH.TO reported quarterly adjusted earnings of C$2.33​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of C$1.72.  The mean expectation of nine analysts for the quarter was for earnings of C$2.10 per share. Wall Street expected results to range from C$2.00  to C$2.27 per share.
Revenue rose 25.7% to C$1.65 billion from a year ago; analysts expected C$1.52 billion. 
Toromont Industries Ltd's reported EPS for the quarter was C$2.33​.
The company reported quarterly net income of C$192.11 million.
Toromont Industries Ltd shares had fallen by 14.8% this quarter and gained 16.5% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 0.4% 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 10 "strong buy" or "buy," 1 "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$253.00, about 23.7% above its last closing price of C$193.06
This summary was machine generated from LSEG data November 3 at 12:23 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
Sep. 30 2026 
2.10
2.33
Beat
Jun. 30 2026 
1.68
1.51
Missed
Mar. 31 2026 
1.07
1.13
Beat
Dec. 31 2025 
1.89
1.97
Beat