Toromont Industries Ltd. reported its second-quarter earnings, revealing a notable miss on EPS estimates while showcasing strong revenue growth.
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Toromont Industries Ltd.
TIH.TO
TIH.TO
Toromont Industries Ltd.
WealthAwesomeMarket cap
$17.19B
P/E
33.6x
Div. yield
1.00%
Div. / share
$2.16
52W high
$243.50
52W low
$137.37
1W change
-6.60%
Beta
0.97
Analyst Price Targets
Based on analyst covering TIH
Wall Street analysts forecast TIH stock price to rise 20.4% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$253.89
+20.4% Upside
Current Price
C$210.87
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
37.7%
Annualized
90-Day Vol
42.7%
Annualized
Trend (90d)
-22.9%
Annualized drift
90d Mean
C$194.33
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$205.21 | C$180.17 – C$233.72 |
| 60 trading days | C$199.70 | C$166.13 – C$240.04 |
| 90 trading days | C$194.33 | C$155.12 – C$243.45 |
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 |
|---|---|---|---|---|
| 2026-09-30 | 2026-10-29 | — | 2.0900 | — |
| 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% |
On July 28, 2026, Toromont Industries Ltd. (TIH.TO) announced its financial results for the second quarter ending June 30, 2026. The company reported earnings per share (EPS) of $1.51, falling short of analysts' estimates of $1.67, a discrepancy of 9.6%. Despite the earnings miss, the company demonstrated robust revenue growth, underscoring its operational strength in a competitive market.
Investor takeaway: While Toromont's earnings missed expectations, the solid revenue growth and strategic expansions provide a foundation for future performance. Investors should monitor how the company navigates ongoing challenges in the residential construction market and the impact of its expanded operations.
EPS Miss of 9.6% Amid Strong Revenue Growth
Toromont's EPS of $1.51 fell short of estimates by $0.16, while revenue surged to $1.60 billion, reflecting a 16% increase year-over-year.
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Bull case
Toromont's revenue grew by 16% compared to last year, thanks to strong performance in its Equipment Group, which saw higher sales in both new and used equipment. The company's strategic acquisition of land for AVL expansion and increased ownership in AVL position it well for future growth, especially in the manufacturing sector.
Bear case
Even with revenue growth, the EPS miss raises concerns about Toromont's cost management and how purchase commitment expenses might affect profitability. The slowdown in the residential construction market could limit growth in related segments, and rising SG&A expenses may pressure margins in the future.
Earnings Overview
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Operational Highlights
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Future Outlook
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Analyst Price Targets
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