Consensus estimates project Q2 revenue of $1.49 billion and earnings of $1.67 per share, as Toromont’s stock trades around $163.72 compared to an average analyst price target of $178.50. Investors are primarily focused on the company’s expanding order backlog, which was recently bolstered by a landmark $1 billion firm order in the Power Systems segment for 2027 delivery.
Analysts are also watching for continued high-margin growth in rental and product support services to mitigate cyclical variability in mining equipment sales. The successful ramp-up of AVL Manufacturing’s production capacity in the U.S. remains a vital catalyst for the company’s long-term infrastructure and data center strategy.