The Toro Company will report its second-quarter earnings on Thursday before market open, with analysts expecting revenue to grow 5.2% year over year, a reversal from the 2.2% decline in the same quarter last year. In the previous quarter, Toro beat revenue expectations with $1.42 billion, up 8.1% year on year, and also exceeded EPS estimates while maintaining full-year guidance. Analysts have generally reaffirmed their estimates over the past month, though Toro has missed revenue estimates multiple times in the last two years. Among peers in the agricultural machinery segment, Alamo reported a 7.6% revenue increase, beating estimates by 3%, and Deere saw revenues up 4.9%, topping expectations by 1.4%. Toro shares have risen 2.9% over the past month, outperforming the group's average decline of 6.6%, and carry an average analyst price target of $109.25 against a current price of $97.98.
Toro CoToro is the subject, with Q2 earnings due Thursday and analysts expecting 5.2% revenue growth; outcome uncertain.
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