The 10-second takeaway
For the quarter ended Oct. 31 (Q4), Toro missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share shrank to zero.
Gross margins expanded, operating margins dropped, net margins dropped.
Toro reported revenue of $339.3 million. The four analysts polled by S&P Capital IQ expected revenue of $353.3 million on the same basis. GAAP reported sales were 7.8% lower than the prior-year quarter's $368.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.00. The four earnings estimates compiled by S&P Capital IQ forecast $0.04 per share. GAAP EPS dropped to zero from the prior-year quarter's $0.08.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 33.3%, 100 basis points better than the prior-year quarter. Operating margin was 1.2%, 130 basis points worse than the prior-year quarter. Net margin was 0.1%, 130 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $455.5 million. On the bottom line, the average EPS estimate is $0.41.
Next year's average estimate for revenue is $2.07 billion. The average EPS estimate is $2.38.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 183 members out of 194 rating the stock outperform, and 11 members rating it underperform. Among 74 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 72 give Toro a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Toro is hold, with an average price target of $38.50.
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