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Toro's Quarter Will Show Whether Electrification Spending Is Paying Off Yet

Barchart·09/02/2026 16:02:29
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Barchart +1.64% Beat Oct 2025 $0.86 $0.91 +5.81% Beat Jan 2026 $0.65 $0.74 +13.85% Beat Apr 2026 $1.50 $1.60 +6.67% Beat

Note: These figures reflect diluted GAAP earnings per share, reported before non-recurring items, and may differ from the non-GAAP figures used by some sources.

Part 2.1: Price Behavior Around Earnings

TTC reports before market open, meaning Day 0 captures the first reaction session and Day +1 reflects follow-through trading.

Earnings Date Day 0 Move Day 0 Range Day +1 Move Day +1 Range
2026-06-04 -$2.12 (-2.33%) $6.79 (7.46%) -$1.62 (-1.82%) $5.28 (5.94%)
2026-03-05 -$1.82 (-1.81%) $7.25 (7.20%) +$0.56 (+0.57%) $2.54 (2.56%)
2025-12-17 +$7.78 (+10.71%) $4.10 (5.64%) -$2.24 (-2.79%) $3.08 (3.84%)
2025-09-04 +$0.08 (+0.10%) $4.24 (5.27%) +$1.03 (+1.28%) $1.96 (2.43%)
2025-06-05 -$2.28 (-3.02%) $3.94 (5.21%) -$4.79 (-6.53%) $5.62 (7.67%)
2025-03-06 -$3.82 (-4.90%) $5.32 (6.82%) -$0.94 (-1.27%) $1.42 (1.91%)
2024-12-18 -$3.87 (-4.54%) $4.60 (5.39%) -$0.35 (-0.43%) $2.53 (3.11%)
2024-09-05 -$9.18 (-10.09%) $5.62 (6.18%) +$0.22 (+0.27%) $3.39 (4.14%)
Avg Abs Move 4.69% 6.15% 1.87% 3.95%

Historical price behavior shows significant volatility around earnings releases, with an average absolute Day 0 move of 4.69% and Day 0 range of 6.15%. The most dramatic reaction came in December 2025, when the stock surged 10.71% on earnings day, though this was followed by a -2.79% pullback the next session. More recently, the June 2026 report produced a -2.33% Day 0 decline despite the earnings beat, suggesting investors may have been disappointed by guidance or forward commentary. The Day +1 average move of 1.87% indicates that initial reactions often moderate in the following session, with ranges compressing to 3.95% as the market digests the full implications of results and management commentary.

Part 2.2: Options Market Expected Move

Metric Value
Expiration Date 09/18/26 (DTE 16)
Expected Move $5.89 (5.94%)
Expected Range $93.26 to $105.04
Implied Volatility 43.16%

The options market is pricing a 5.94% expected move through the September 18 expiration, which sits above the historical Day 0 average of 4.69% but below the 6.15% average Day 0 range. This suggests options traders are anticipating a moderately elevated reaction compared to typical earnings volatility, though not an outsized move relative to the stock's historical intraday swings around results.

Part 3: What Analysts Are Saying

Analysts maintain a moderately bullish stance on TTC with an average recommendation of 3.67 on the five-point scale, reflecting a consensus between Hold and Buy. The current breakdown shows 2 Strong Buy ratings, 0 Moderate Buys, 4 Holds, and no Sell ratings among the 6 analysts covering the stock. Sentiment has remained unchanged over the past month, indicating stable conviction in the current outlook.

The average price target of $109.25 implies 10.2% upside from the current price of $99.15, with estimates ranging from a low of $100.00 to a high of $120.00. The $20 spread between the high and low targets reflects differing views on the company's growth trajectory and valuation multiple, though even the most conservative target suggests modest appreciation potential. The lack of any sell-side ratings indicates no analysts are outright bearish on the stock heading into this release, though the four Hold ratings suggest some caution about near-term upside after the stock's 25.90% gain over the past year.

Part 4: Technical Picture

The Barchart Technical Opinion shows exceptional strength heading into earnings, currently registering a 100% Buy signal—unchanged from last week but improved from 72% Buy a month ago. This strengthening reflects sustained momentum as the stock has climbed above all major moving averages.

Timeframe Analysis:

  • Short-term (100% Buy): Maximum bullish signal indicates strong near-term momentum with no technical resistance
  • Medium-term (100% Buy): Continued strength in the intermediate timeframe confirms the uptrend is well-established beyond just recent trading
  • Long-term (100% Buy): Maximum conviction across the longer-term horizon suggests the multi-month trend remains firmly positive

Trend Characteristics: The combination of Average strength with Strongest direction indicates a well-supported uptrend that is accelerating into earnings, providing a technically favorable backdrop for the release.

The stock trades at $99.15, positioned above all key moving averages: the 5-day ($98.68), 10-day ($99.00), 20-day ($98.48), 50-day ($96.30), 100-day ($94.31), and 200-day ($90.96). This alignment with the stock above even short-term averages demonstrates persistent buying pressure and suggests technical support has been established in the $98-99 range.

Period Value Period Value
5-Day MA $98.68 50-Day MA $96.30
10-Day MA $99.00 100-Day MA $94.31
20-Day MA $98.48 200-Day MA $90.96

The technical setup is decidedly supportive heading into earnings, with the stock in a confirmed uptrend across all timeframes and no overhead resistance from moving averages. The 9% cushion above the 200-day moving average provides a meaningful buffer against potential disappointment, while the tight clustering of short-term averages near current levels suggests a well-defined support zone. However, the uniformly bullish technical picture also means expectations are elevated—any earnings miss or cautious guidance could trigger profit-taking from a technically extended position. The key level to watch on any pullback would be the $96.30 50-day moving average, which has provided support during the recent advance.

This article was generated using Barchart’s automated content technology and existing data APIs. As a result, we are able to provide readers with timely, actionable, in-depth analysis on more equities, allowing them to make more informed decisions. All information and data in this article is solely for informational purposes. For more information, please view the Barchart Disclosure Policy here. And, if you would like to report any inaccuracies, please contact news@barchart.com.