Toro Co reports results for the quarter ended January 31 - Earnings Summary

• Toro Co TTC.N reported quarterly adjusted earnings of 65 cents​​ per share for the quarter ended January 31, higher than the same quarter last year, when the company reported EPS of 64 cents. The mean expectation of six analysts for the quarter was for earnings of 63 cents per share. Wall Street expected results to range from 62 cents to 64 cents per share.

• Revenue fell 0.7% to $995.00 million from a year ago; analysts expected $1.01 billion.

• Toro Co's reported EPS for the quarter was 52 cents​.

• The company reported quarterly net income of $52.8 million.

• Toro Co shares had fallen by 2.6% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 23.7% 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 "hold" and the breakdown of recommendations is 3 "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 "hold"

Wall Street's median 12-month price target for Toro Co is $94.50

This summary was machine generated from LSEG data March 6 at 03:09 p.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)