Toro Q1 Adj. EPS $0.64 Misses $0.66 Estimate, Sales $1.00B Beat $1.00B Estimate
Portfolio Pulse from Benzinga Newsdesk
Toro (NYSE:TTC) reported Q1 adjusted EPS of $0.64, missing the $0.66 estimate, and sales of $1.00B, slightly beating the $1.00B estimate. This represents a 34.69% decrease in earnings and a 12.79% decrease in sales from the same period last year.
March 07, 2024 | 1:35 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Toro reported a Q1 adjusted EPS of $0.64, missing estimates, and sales of $1.00B, slightly above expectations. Earnings and sales saw significant decreases from the previous year.
The miss on the EPS estimate and the significant year-over-year decrease in both earnings and sales are likely to negatively impact investor sentiment towards TTC in the short term. Despite the slight beat on sales estimates, the overall negative growth rates are concerning.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100