Toro: Q1 Earnings Insights

Toro 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.

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.

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).

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.