Toro Company Intrinsic Value Calculator – Toro Company Reports Strong Q3 Earnings, Surpassing Expectations by $0.15 and $6.35M Respectively

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The Toro Company ($NYSE:TTC), a leader in the outdoor power equipment industry, recently released its Q3 earnings report that exceeded expectations. The company achieved Non-GAAP EPS of $0.71, surpassing estimates by $0.15, and reported revenue of $980M, which exceeded expectations by $6.35M. This strong performance was driven by sales growth in residential and professional segments, as well as the company’s strategic investments in product innovation and global expansion. The Toro Company designs, manufactures, and markets professional turf maintenance equipment, turf irrigation systems, landscape and contractor equipment, and residential lawn and snow removal products. With its focus on innovation and customer service, Toro has been able to build a strong brand and customer base. The company’s performance in the third quarter is a testament to its strong business model.

In addition to exceeding expectations on earnings and revenue, the company also achieved double-digit growth in both operating profit and net income. The strong results were driven by growth in the residential and professional segments, as well as the company’s strategic investments in product innovation and global expansion. Toro’s strong performance in the third quarter is evidence of the company’s ability to capitalize on opportunities in the outdoor power equipment industry. Looking ahead, the company is well-positioned to continue its strong momentum as it continues to invest in product innovation and global expansion. With these investments, Toro is well-positioned to capitalize on future opportunities in the industry.

Earnings

TORO COMPANY recently reported its earnings for FY2023 Q3 ending July 31 2021, where it surpassed expectations by $0.15 and $6.35M respectively. The company earned 976.84M USD in total revenue and 96.32M USD in net income. Compared to the same period last year, these represented a 15.8% decrease in total revenue and a 23.0% decrease in net income.

Despite the decrease relative to previous year, TORO COMPANY’s total revenue has grown steadily in the last 3 years, reaching 1081.78M USD. As such, the company remains optimistic about the future of its business operations.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Toro Company. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Toro Company. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Toro Company. More…

Key Ratios Snapshot

Some of the financial key ratios for Toro Company are shown below. More…

Share Price

This news pushed the stock prices up significantly, with open price of $100.5 and closing price of $97.2, an 8.9% increase from the previous closing price of 89.2. The strong earnings report demonstrated the financial strength of the company and led to a positive outlook among investors and analysts alike. In addition, the news raised hopes for Toro Company’s future performance, as it puts them in a strong position to take advantage of potential growth opportunities. With such strong results, investors are sure to be keeping an eye out for future earnings reports from Toro Company. Live Quote…

Analysis – Toro Company Intrinsic Value Calculator

At GoodWhale, we recently conducted an analysis of the wellbeing of TORO COMPANY. Using our proprietary Valuation Line, we found that the fair value of TORO COMPANY share is around $110.8. However, the current market price of TORO COMPANY’s stock is only $97.2, which is a fair price that is undervalued by 12.2%. This presents an attractive opportunity for investors who are looking to purchase stock in TORO COMPANY at a discounted price. More…

Peers

Toro Co is a leading manufacturer of hydraulic elements and systems. Its products are used in a wide range of industries, including construction, agriculture, and automotive. The company has a strong competitive position in the market, with a wide range of products and a strong brand.

However, it faces competition from a number of other companies, including Hydraulic Elements and Systems AD, Cummins Inc, and Groupe SFPI SA.

– Hydraulic Elements and Systems AD ($LTS:0NZ4)

Hydraulic Elements and Systems AD is a leading manufacturer of hydraulic components and systems for a variety of industries. The company has a strong reputation for quality and innovation, and its products are used in a wide range of applications. Hydraulic Elements and Systems AD has a market cap of 113.71M as of 2022, a Return on Equity of 13.72%. The company is a major supplier of hydraulic components and systems for the automotive, construction, and mining industries, among others. Its products are known for their quality and reliability, and the company has a strong commitment to customer satisfaction.

– Cummins Inc ($NYSE:CMI)

Cummins Inc is a global power leader that designs, manufactures, sells and services diesel engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana, USA, Cummins employs approximately 62,600 people in about 190 countries and territories.

– Groupe SFPI SA ($LTS:0N9P)

Groupe SFPI is a French holding company that specializes in financial and investment services. The company has a market capitalization of 189.59 million as of 2022 and a return on equity of 12.35%. The company’s core businesses include asset management, private equity, and venture capital. Groupe SFPI also has a minority stake in a number of listed companies, including Credit Agricole and AXA.

Summary

Toro Company (TORO) recently reported its Non-GAAP EPS of $0.71 which beat analysts’ expectations by $0.15. Revenue was reported to be $980M, which beat expectations by $6.35M. This news prompted a positive reaction from investors, with the stock price increasing the same day. Analysts believe that the company’s strong performance is due to its ability to capitalize on key market trends, such as the increasing demand for smart technology and connected solutions in the outdoor space.

The company’s strategic focus on innovation and customer satisfaction is expected to continue driving growth in the long-term. Investors remain bullish on TORO’s prospects and recommend buying the stock for those looking for a long-term investment.