Toro (NYSE:TTC) reported its Q1 earnings results on Thursday, March 3, 2022 at 08:30 AM.
Here's what investors need to know about the announcement.
Earnings
Toro beat estimated earnings by 6.45%, reporting an EPS of $0.66 versus an estimate of $0.62.
Revenue was up $59.66 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.03 which was followed by a 1.34% increase in the share price the next day.
Here's a look at Toro's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.53 | 0.75 | 1.22 | 0.75 |
| EPS Actual | 0.56 | 0.92 | 1.29 | 0.85 |
| Revenue Estimate | 955.53M | 937.10M | 1.13B | 851.38M |
| Revenue Actual | 960.65M | 976.84M | 1.15B | 872.99M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Toro management provided guidance for their next quarter, expecting earnings between $3.9 and $4.1 per share for the next quarter.
This represents a 506.06% in quarter-over-quarter growth for Toro, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
