Toromont reports third-quarter results after the TSX closes on November 2. Analysts expect earnings and revenue to rise from a year ago, but the company missed EPS estimates last quarter. The upcoming results will show whether growth is on track.
Toromont Industries Ltd. (TSX: TIH), also known as TIH.TO, will release its third-quarter 2026 results after markets close on Monday, November 2. The company will discuss its results and operations on a webcast and conference call at 8:00 a.m. Eastern on November 3.
Recent earnings trend
Toromont Industries Ltd.
TIH.TO
TIH.TO
Toromont Industries Ltd.
WealthAwesomeMarket cap
$16.54B
P/E
32.3x
Div. yield
1.05%
Div. / share
$2.16
52W high
$242.80
52W low
$152.22
1W change
+0.19%
Beta
0.88
Analyst Price Targets
Based on analyst covering TIH · as of Oct 22, 2026
Wall Street analysts forecast TIH stock price to rise 22.3% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$247.91
+22.3% Upside
Previously C$253.50 on Sep 30, 2026
Current Price
C$202.78
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on TIH's historical volatility
30-Day Vol
33.7%
Annualized
90-Day Vol
33.9%
Annualized
Trend (90d)
-36.7%
Annualized drift
90d Mean
C$177.87
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$194.11 | C$172.83 – C$218.02 |
| 60 trading days | C$185.82 | C$157.67 – C$218.98 |
| 90 trading days | C$177.87 | C$145.46 – C$217.50 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 8 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 3 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-02 | — | 2.1000 | — |
| 2026-06-30 | 2026-07-28 | 1.5100 | 1.6700 | -9.6% |
| 2026-03-31 | 2026-04-28 | 1.1300 | 1.0700 | +5.6% |
| 2025-12-31 | 2026-02-10 | 1.9200 | 1.8900 | +1.6% |
| 2025-09-30 | 2025-10-30 | 1.7200 | 1.5700 | +9.6% |
| 2025-06-30 | 2025-07-29 | 1.5200 | 1.4900 | +2.0% |
For Canadian investors, the main questions are whether earnings rebound from last quarter’s miss and how the equipment, power systems and refrigeration businesses are performing. Analysts expect EPS of C$1.99 and revenue of C$1.47 billion for the quarter ended September 30.
Investor takeaway: Analysts expect year-over-year growth, but that doesn’t guarantee a beat. The C$1.99 EPS estimate is 15.5% above last year’s C$1.72, while the revenue forecast points to 11.6% growth. Toromont beat estimates in three of its last four reported quarters, but missed in its most recent one. Investors should compare the forecast with the company’s results and operating details, and consider that the shares have recently traded below their 50-day and 200-day moving averages.
C$1.99
That’s the consensus EPS estimate for the quarter ended September 30, based on eight analysts. It’s up from C$1.72 a year earlier, a projected increase of 15.5%. Estimates range from C$1.83 to C$2.09, so the consensus isn’t a guarantee.
Bull case
Analysts expect stronger results than a year ago, with revenue of C$1.47 billion and EPS of C$1.99. Toromont’s Equipment Group sells and supports heavy equipment and power systems. CIMCO provides thermal-management solutions. Recent coverage has identified infrastructure and data-centre power projects as possible sources of demand. The consensus EPS estimate has risen slightly, from C$1.97 a month ago, and Toromont beat estimates in three of its last four comparable quarters.
Bear case
Last quarter shows that Toromont can fall short of expectations. EPS was C$1.51 for the period ended June 30, below the C$1.67 estimate by 9.58%. Analyst revisions for the upcoming quarter have been mixed: two were downward and one was upward over the past month. At C$202.78, the shares were below their 50-day and 200-day averages. The P/E of 32.3 also means investors are paying a substantial multiple of trailing earnings. The results will need to show that demand is translating into earnings, not just revenue growth.
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