Toromont Industries Ltd reports results for the quarter ended December 31 - Earnings Summary

• Toromont Industries Ltd TIH.TO reported quarterly adjusted earnings of C$1.90​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of C$1.87. The mean expectation of eight analysts for the quarter was for earnings of C$1.73 per share. Wall Street expected results to range from C$1.60 to C$1.90 per share.

• Revenue rose 6.5% to C$1.31 billion from a year ago; analysts expected C$1.29 billion.

• Toromont Industries Ltd's reported EPS for the quarter was C$1.90​.

• The company reported quarterly net income of C$156.3 million.

• Toromont Industries Ltd shares had risen by 4.1% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.1% 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 6 "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$132.00

This summary was machine generated from LSEG data February 11 at 11:38 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)