Q2 Earnings Estimate - August 8thQ2 is typically the strongest quarter. First full quarter with all recent acquisitions including Bourgault.
Based on commentary and investor presentations, expect $3.025 Billion CAD in sales. New record.
Expect continued improving margins lead by Industrial, in particular Macdon. Mobility showing gradual improvement.
Estimated EPS of $3.32 CAD, significantly above analyst forecasts.
Hoping to see increase in free cash flow to pay down debt for the purpose of additional acquisitions. Appears management is prioritizing investment and revenue growth over share buybacks.
Catalyst of lower interest rates from Bank of Canada, new programs launching and continued demand and market share growth.
No change to target price of $120.