Toro (TTC) Set to Announce Q2 Earnings on June 4th
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: seekingalpha
- Earnings Announcement: Toro is scheduled to release its Q2 2023 earnings report on June 4th before market open, with consensus EPS estimates at $1.50, reflecting a 5.6% year-over-year growth, indicating stable profitability.
- Revenue Expectations: The anticipated revenue for Q2 is $1.39 billion, representing a 5.3% year-over-year increase, which highlights Toro's positive performance in market demand and sales growth, potentially boosting investor confidence.
- Historical Performance Review: Over the past two years, Toro has beaten EPS estimates 63% of the time and revenue estimates 25% of the time, demonstrating relative stability and adaptability in its financial performance.
- Upward Revision Trend: In the last three months, both EPS and revenue estimates have seen five upward revisions with no downward adjustments, indicating analysts' optimistic outlook on Toro's future performance, which may positively impact the stock price.
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Analyst Views on TTC
Wall Street analysts forecast TTC stock price to fall
2 Analyst Rating
0 Buy
2 Hold
0 Sell
Hold
Current: 89.870
Low
86.00
Averages
88.00
High
90.00
Current: 89.870
Low
86.00
Averages
88.00
High
90.00
About TTC
The Toro Company is engaged in designing, manufacturing, marketing, and selling professional turf maintenance equipment and services; turf irrigation systems; landscaping equipment and lighting products; snow and ice management products; agricultural irrigation systems; rental, specialty, and underground construction equipment; and residential yard and snow thrower products. Its segments include Professional and Residential. Its Professional segment designs professional turf maintenance; landscape and lighting; rental, specialty, and underground construction; snow and ice management; and agricultural products. Its Residential segment markets and sells products to homeowners through distribution channels, including outdoor power equipment distributors and dealers, mass retailers, hardware retailers, and home centers, as well as online and direct to end-users. Its brands include Toro, Ditch Witch, Exmark, Spartan, BOSS, Ventrac, Tornado, American Augers, Subsite, HammerHead, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Toro (TTC) Set to Announce Q2 Earnings on June 4th
- Earnings Announcement: Toro is scheduled to release its Q2 2023 earnings report on June 4th before market open, with consensus EPS estimates at $1.50, reflecting a 5.6% year-over-year growth, indicating stable profitability.
- Revenue Expectations: The anticipated revenue for Q2 is $1.39 billion, representing a 5.3% year-over-year increase, which highlights Toro's positive performance in market demand and sales growth, potentially boosting investor confidence.
- Historical Performance Review: Over the past two years, Toro has beaten EPS estimates 63% of the time and revenue estimates 25% of the time, demonstrating relative stability and adaptability in its financial performance.
- Upward Revision Trend: In the last three months, both EPS and revenue estimates have seen five upward revisions with no downward adjustments, indicating analysts' optimistic outlook on Toro's future performance, which may positively impact the stock price.
See More
Toro Company Declares Quarterly Dividend of $0.39 per Share
- Quarterly Dividend Announcement: Toro Company has declared a quarterly dividend of $0.39 per share, consistent with previous distributions, indicating stable cash flow and profitability, which is likely to attract income-seeking investors.
- Dividend Yield: The forward yield of 1.75% reflects the company's appeal in the current market environment, potentially increasing investor interest in the stock.
- Shareholder Record Date: The dividend will be payable on July 10, with a record date of June 16 and an ex-dividend date also on June 16, providing investors with a clear timeline for their investment decisions.
- Market Reaction Expectations: Following the dividend announcement, a positive impact on Toro's stock price is anticipated, further solidifying its position in the professional equipment market and potentially attracting more long-term investors.
See More
Investment Opportunity in Lindsay Corporation Amid Stock Price Decline
- Disappointing Earnings: Lindsay Corporation's latest earnings report revealed revenue of $157.7 million, a 16% year-over-year decline, with earnings per share dropping to $1.15, resulting in a 12% stock price drop in one day, reflecting the direct impact of the agricultural cycle on the company's performance.
- Increased Backlog: Despite pressures from low commodity prices and high interest rates, Lindsay's backlog has risen to approximately $151.8 million, indicating the stability of its core business and future growth potential, particularly against the backdrop of rising demands for water security and food supply.
- MENA Project Advancement: The company is actively executing an $80 million irrigation and technology project in the MENA region, expected to generate around $70 million in revenue this year, further enhancing its competitive position in the global market.
- Attractive Valuation: Currently trading at about 19 times earnings, below the five-year average of 25 times, Lindsay appears undervalued in terms of long-term growth potential, and if the market adjusts its valuation to 22-24 times earnings, the stock could see a 14%-23% upside.
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Lindsay Corporation Earnings Analysis and Investment Opportunity
- Weak Earnings Report: Lindsay Corporation's latest earnings report revealed revenue of $157.7 million, a 16% year-over-year decline, with earnings per share dropping to $1.15, resulting in a 12% stock price drop in a single day, reflecting the impact of the agricultural cycle on the company's performance.
- Increased Backlog: Despite pressures from low commodity prices and high interest rates, Lindsay's backlog has risen to approximately $151.8 million, up from $127 million last year, indicating the stability of the company's core business and potential for future growth.
- Valuation Compression: Currently trading at about 19 times earnings, Lindsay's valuation is significantly lower than its five-year average of 25 times, suggesting that the market is undervaluing its long-term growth potential, presenting a buying opportunity for investors.
- Rising Agricultural Demand: With global food demand increasing rapidly and water scarcity alongside limited arable land making efficient agriculture essential, Lindsay's irrigation systems are crucial in addressing these challenges, positioning the company for greater market recognition in the future.
See More
Toro Company and Scholarship America Celebrate 50 Years of Partnership
- Milestone Partnership: In 2026, The Toro Company and Scholarship America celebrate 50 years of collaboration, having become Scholarship America's first corporate client and granting over $4.7 million in scholarships, showcasing the company's long-term commitment to education.
- Investment in Education: CEO Rick Olson stated that investing in the scholarship program not only transforms individual lives but also impacts families and communities, ensuring academic opportunities for employees' children and reflecting corporate social responsibility.
- Enduring Impact: Scholarship America President Mike Nylund emphasized that while higher education has evolved significantly over the past 50 years, Toro's unwavering support for students will continue, with both organizations looking forward to further collaborative impacts in the future.
- Global Presence: With net sales of $4.5 billion in fiscal 2025 and operations in over 125 countries, The Toro Company solidifies its leadership in the global market while supporting education, enhancing its brand reputation and community engagement.
See More
Toro Company and Scholarship America Celebrate 50 Years of Partnership
- Milestone Partnership: In 2026, The Toro Company and Scholarship America celebrate 50 years of collaboration, during which over $4.7 million in scholarships have been awarded, highlighting the company's long-term commitment to education and supporting the academic journeys of employees' children.
- Impact of Education: CEO Rick Olson emphasized that education changes lives, benefiting not just individuals but families and communities, indicating that the company's investment in its scholarship program will create opportunities for future generations.
- Ongoing Commitment: Scholarship America President Mike Nylund noted that while higher education has evolved significantly over the past 50 years, Toro's dedication to supporting students remains steadfast, and both organizations look forward to continuing their collaborative impact in the future.
- Global Presence: With net sales of $4.5 billion in fiscal 2025 and operations in over 125 countries, The Toro Company demonstrates its leadership in outdoor solutions while reinforcing its social responsibility through scholarship initiatives.
See More
Toro (TTC) Set to Announce Q2 Earnings on June 4th
- Earnings Announcement: Toro is scheduled to release its Q2 2023 earnings report on June 4th before market open, with consensus EPS estimates at $1.50, reflecting a 5.6% year-over-year growth, indicating stable profitability.
- Revenue Expectations: The anticipated revenue for Q2 is $1.39 billion, representing a 5.3% year-over-year increase, which highlights Toro's positive performance in market demand and sales growth, potentially boosting investor confidence.
- Historical Performance Review: Over the past two years, Toro has beaten EPS estimates 63% of the time and revenue estimates 25% of the time, demonstrating relative stability and adaptability in its financial performance.
- Upward Revision Trend: In the last three months, both EPS and revenue estimates have seen five upward revisions with no downward adjustments, indicating analysts' optimistic outlook on Toro's future performance, which may positively impact the stock price.
See More
Toro Company Declares Quarterly Dividend of $0.39 per Share
- Quarterly Dividend Announcement: Toro Company has declared a quarterly dividend of $0.39 per share, consistent with previous distributions, indicating stable cash flow and profitability, which is likely to attract income-seeking investors.
- Dividend Yield: The forward yield of 1.75% reflects the company's appeal in the current market environment, potentially increasing investor interest in the stock.
- Shareholder Record Date: The dividend will be payable on July 10, with a record date of June 16 and an ex-dividend date also on June 16, providing investors with a clear timeline for their investment decisions.
- Market Reaction Expectations: Following the dividend announcement, a positive impact on Toro's stock price is anticipated, further solidifying its position in the professional equipment market and potentially attracting more long-term investors.
See More
Investment Opportunity in Lindsay Corporation Amid Stock Price Decline
- Disappointing Earnings: Lindsay Corporation's latest earnings report revealed revenue of $157.7 million, a 16% year-over-year decline, with earnings per share dropping to $1.15, resulting in a 12% stock price drop in one day, reflecting the direct impact of the agricultural cycle on the company's performance.
- Increased Backlog: Despite pressures from low commodity prices and high interest rates, Lindsay's backlog has risen to approximately $151.8 million, indicating the stability of its core business and future growth potential, particularly against the backdrop of rising demands for water security and food supply.
- MENA Project Advancement: The company is actively executing an $80 million irrigation and technology project in the MENA region, expected to generate around $70 million in revenue this year, further enhancing its competitive position in the global market.
- Attractive Valuation: Currently trading at about 19 times earnings, below the five-year average of 25 times, Lindsay appears undervalued in terms of long-term growth potential, and if the market adjusts its valuation to 22-24 times earnings, the stock could see a 14%-23% upside.
See More
Lindsay Corporation Earnings Analysis and Investment Opportunity
- Weak Earnings Report: Lindsay Corporation's latest earnings report revealed revenue of $157.7 million, a 16% year-over-year decline, with earnings per share dropping to $1.15, resulting in a 12% stock price drop in a single day, reflecting the impact of the agricultural cycle on the company's performance.
- Increased Backlog: Despite pressures from low commodity prices and high interest rates, Lindsay's backlog has risen to approximately $151.8 million, up from $127 million last year, indicating the stability of the company's core business and potential for future growth.
- Valuation Compression: Currently trading at about 19 times earnings, Lindsay's valuation is significantly lower than its five-year average of 25 times, suggesting that the market is undervaluing its long-term growth potential, presenting a buying opportunity for investors.
- Rising Agricultural Demand: With global food demand increasing rapidly and water scarcity alongside limited arable land making efficient agriculture essential, Lindsay's irrigation systems are crucial in addressing these challenges, positioning the company for greater market recognition in the future.
See More
Toro Company and Scholarship America Celebrate 50 Years of Partnership
- Milestone Partnership: In 2026, The Toro Company and Scholarship America celebrate 50 years of collaboration, having become Scholarship America's first corporate client and granting over $4.7 million in scholarships, showcasing the company's long-term commitment to education.
- Investment in Education: CEO Rick Olson stated that investing in the scholarship program not only transforms individual lives but also impacts families and communities, ensuring academic opportunities for employees' children and reflecting corporate social responsibility.
- Enduring Impact: Scholarship America President Mike Nylund emphasized that while higher education has evolved significantly over the past 50 years, Toro's unwavering support for students will continue, with both organizations looking forward to further collaborative impacts in the future.
- Global Presence: With net sales of $4.5 billion in fiscal 2025 and operations in over 125 countries, The Toro Company solidifies its leadership in the global market while supporting education, enhancing its brand reputation and community engagement.
See More
Toro Company and Scholarship America Celebrate 50 Years of Partnership
- Milestone Partnership: In 2026, The Toro Company and Scholarship America celebrate 50 years of collaboration, during which over $4.7 million in scholarships have been awarded, highlighting the company's long-term commitment to education and supporting the academic journeys of employees' children.
- Impact of Education: CEO Rick Olson emphasized that education changes lives, benefiting not just individuals but families and communities, indicating that the company's investment in its scholarship program will create opportunities for future generations.
- Ongoing Commitment: Scholarship America President Mike Nylund noted that while higher education has evolved significantly over the past 50 years, Toro's dedication to supporting students remains steadfast, and both organizations look forward to continuing their collaborative impact in the future.
- Global Presence: With net sales of $4.5 billion in fiscal 2025 and operations in over 125 countries, The Toro Company demonstrates its leadership in outdoor solutions while reinforcing its social responsibility through scholarship initiatives.
See More
