Toro Earnings Forecast Raised by Northland Securities

Analysts boost Q2 2026 EPS estimate for the outdoor equipment manufacturer

Mar. 11, 2026 at 11:44am

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Analysts at Northland Securities have increased their Q2 2026 earnings per share (EPS) forecast for Toro Company (NYSE:TTC), citing stronger than expected performance. The firm now expects Toro to post EPS of $1.52 for the quarter, up from their previous estimate of $1.50. Northland Securities also provided updated full-year and multi-year EPS projections for Toro.

Why it matters

Toro is a leading manufacturer of outdoor power equipment and irrigation systems used in residential, commercial and professional markets. As a bellwether for the grounds care industry, Toro's earnings performance and outlook provide insights into broader market trends and demand for landscaping and turf maintenance products.

The details

In a research note, Northland Securities analyst E. Jackson increased the firm's Q2 2026 EPS estimate for Toro from $1.50 to $1.52. The consensus full-year 2026 EPS estimate for Toro is $4.41. Northland Securities also issued updated EPS projections for Toro in subsequent fiscal years, including $4.45 for FY2027, $4.79 for FY2028, and $5.54 for FY2029.

  • Northland Securities issued the updated Toro earnings forecast on Monday, March 9, 2026.

The players

Toro Company (The)

A leading manufacturer of outdoor power equipment and irrigation systems for residential, commercial and professional markets.

Northland Securities

An investment banking and asset management firm that provides research coverage on Toro.

E. Jackson

The Northland Securities analyst who issued the updated Toro earnings forecast.

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What they’re saying

“Northland Securities analyst E. Jackson now expects that the company will post earnings of $1.52 per share for the quarter, up from their previous estimate of $1.50.”

— E. Jackson, Analyst

The takeaway

Toro's improved earnings outlook reflects strong demand for its outdoor power equipment and landscaping products, signaling continued growth in the grounds care industry. As a leading manufacturer, Toro's performance provides a barometer for broader market trends and the overall health of the residential, commercial and professional landscaping sectors.