Toro Earnings: What Investors Should Watch

Toro (NYSE:TTC) will report earnings before markets open on Thursday, May 23rd. The Toro Company designs, manufactures, and markets a range of turf equipment. The Company’s products include professional turf maintenance equipment, turf and agricultural irrigation systems, landscaping equipment, and residential yard products. Toro’s products are sold worldwide under trademarks such as Toro, Wheel Horse, Lawn-Boy, Irritrol, and Dingo.

Here is your Cheat Sheet to Toro Earnings:

Earnings Expectations: Analysts expect earnings of $1.19 per share on revenues of $700.35 million. Currently, the company’s P/E ratio stands at 19.75.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.73 to a profit $0.7. For the current year, the average estimate is a profit of $2.46, which is better than the estimate ninety days ago.

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Earnings Trends:

Here’s how Toro has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 1,878 1,523 1,690 1,884 1,959
Diluted EPS ($) 1.55 0.87 1.39 1.85 2.14

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Apr. 30, 2012 Jul. 31, 2012 Oct. 31, 2012 Jan. 31, 2013
Revenue ($) in millions 691.48 504.08 339.31 444.66
Diluted EPS ($) 1.13 0.67 NA 0.53

Past Performance:
Toro has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]