Toro Company Earnings Preview
Investors hope Toro Company (NYS: TTC) will top analyst estimates once again after beating predictions by $0.07 in the previous quarter. The company will unveil its latest earnings on Thursday, Feb. 23. Toro designs, manufactures, and markets professional turf maintenance equipment and services turf and agricultural micro-irrigation systems, landscaping equipment, and residential yard and snow-removal products.
What analysts say:
- Buy, sell, or hold?: Analysts think investors should stand pat on Toro Company with three of five analysts rating it hold.
- Revenue forecasts: On average, analysts predict $402.8 million in revenue this quarter. That would represent a rise of 5.1% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is earnings of $0.60 per share. Estimates range from $0.58 to $0.63.
What our community says:
CAPS All Stars are solidly behind the stock, with 97.7% awarding it an "outperform" rating. The greater community agrees with the All Stars, as 93.9% give it a rating of "outperform." Even with a robust four out of five stars, Toro Company's CAPS rating falls a little short of the community's upbeat outlook.
Toro Company's profit has risen year-over-year by an average of 37.6% over the past five quarters. Revenue has now gone up for three straight quarters.
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At the time this article was published
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