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

• Toromont Industries Ltd TIH.TO reported quarterly adjusted earnings of 91 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of C$1.01. The mean expectation of eight analysts for the quarter was for earnings of C$1.05 per share. Wall Street expected results to range from 92 cents to C$1.16 per share.

• Revenue rose 7.2% to C$1.09 billion from a year ago; analysts expected C$1.07 billion.

• Toromont Industries Ltd's reported EPS for the quarter was 91 cents​.

• The company reported quarterly net income of C$74.44 million.

• Toromont Industries Ltd shares had risen by 2.4% this quarter and gained 1.5% so far this year.

FORECAST CHANGES

• 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 earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "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 C$134.00

This summary was machine generated from LSEG data April 30 at 11:25 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)