Toromont Industries Ltd. faced a setback in its latest earnings report, falling short of analyst expectations despite strong revenue growth.
On July 28, 2026, Toromont Industries Ltd. (TIH.TO) announced its second-quarter earnings for the period ending June 30, 2026. The report revealed a notable earnings miss, with the company posting an EPS of $1.51, compared to the expected $1.67, marking a 9.6% surprise to the downside. However, revenue growth and strong operational metrics paint a mixed picture for investors.
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Toromont Industries Ltd.
TIH.TO
TIH.TO
Toromont Industries Ltd.
WealthAwesomeMarket cap
$16.86B
P/E
32.8x
52W high
$243.50
52W low
$135.77
1W change
-4.84%
Beta
0.97
Analyst Price Targets
Based on analyst covering TIH
Wall Street analysts forecast TIH stock price to rise 14.0% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$246.33
+14.0% Upside
Current Price
C$216.05
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on TIH's historical volatility
30-Day Vol
59.9%
Annualized
90-Day Vol
42.5%
Annualized
Trend (90d)
-2.7%
Annualized drift
90d Mean
C$213.98
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$215.36 | C$175.14 – C$264.81 |
| 60 trading days | C$214.67 | C$160.26 – C$287.56 |
| 90 trading days | C$213.98 | C$149.58 – C$306.10 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 8 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 3 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-28 | 1.5100 | 1.6700 | -9.6% |
| 2026-03-31 | 2026-04-28 | 1.1300 | 1.0700 | +5.6% |
| 2025-12-31 | 2026-02-10 | 1.9200 | 1.8900 | +1.6% |
| 2025-09-30 | 2025-10-30 | 1.7200 | 1.5700 | +9.6% |
| 2025-06-30 | 2025-07-29 | 1.5200 | 1.4900 | +2.0% |
| 2025-03-31 | 2025-04-30 | 0.9100 | 1.0500 | -13.3% |
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Investor takeaway: While Toromont's overall revenue growth and operating income show resilience, the earnings miss raises questions about the company's short-term profitability and expense management, particularly in light of increased SG&A costs. Investors should monitor the company's strategic maneuvers in the AVL acquisition and its impact on future earnings.
EPS Misses Estimates by 9.6% Amid Strong Revenue Growth
Despite the earnings miss, Toromont's revenue increased by 16% year-over-year, reflecting solid execution across its business segments, particularly in equipment sales and rentals.
Bull case
The Equipment Group's strong performance and revenue growth across various streams indicate solid demand and effective operations. Toromont's strategic expansion in AVL and a healthy backlog set the stage for future growth, which could lead to better earnings in the upcoming quarters.
Bear case
The earnings miss, along with rising SG&A expenses and a stagnant residential construction market, could indicate challenges in maintaining profitability. Investors may need to reassess their expectations if operational costs keep rising without a corresponding increase in revenue.
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