Toromont Industries Ltd. reported its Q2 2026 earnings, revealing a significant miss on EPS estimates while showcasing strong revenue growth.
Recent earnings trend
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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
+0.11%
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% |
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On July 28, 2026, Toromont Industries Ltd. (TIH.TO) announced its financial results for the second quarter of 2026, concluding the fiscal period on June 30. The company reported earnings per share (EPS) of $1.51, falling short of the consensus estimate of $1.67 by 9.6%. Despite this earnings miss, Toromont demonstrated robust revenue growth, bolstered by strong performance in its equipment group and ongoing expansion efforts.
Investor takeaway: While the miss on EPS may raise concerns among investors, the strong revenue growth and strategic investments suggest that Toromont is positioning itself for future success. The company's ability to manage expenses and maintain a healthy backlog could bode well for upcoming quarters.
EPS Miss of 9.6% Amid Revenue Growth
Toromont's EPS of $1.51 fell short of the $1.67 estimate, despite a 16% increase in revenue to $1.60 billion.
Bull case
Toromont's impressive revenue growth of 16% year-over-year and a 41% increase in operating income show that the company is executing well. Its expansion in AVL and a healthy backlog could lead to more revenue increases, making it a solid long-term investment.
Bear case
The miss on EPS and rising SG&A expenses might indicate some underlying challenges, especially with the residential construction market being stalled. If these trends continue, they could affect profitability and investor confidence.
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