Equities Analysts Issue Forecasts for TOYO Q3 Earnings

Key Points

• HC Wainwright cut its Q3 2026 EPS forecast for TOYO to $0.11 from $0.45, while estimating $1.56 EPS for FY2026 and $3.26 for FY2027.
• TOYO’s latest quarterly results missed expectations, with EPS of $0.45 versus the $0.52 consensus and revenue of $118.18 million versus estimates of $192.57 million.
• Despite mixed analyst revisions, TOYO holds a “Moderate Buy” consensus rating with an average price target of $16.50; shares recently opened at $4.82, near their 52-week low of $4.26.

TOYO Co., Ltd. (NASDAQ:TOYO - Free Report) - Stock analysts at HC Wainwright reduced their Q3 2026 EPS estimates for TOYO in a research note issued on Thursday, August 20th. HC Wainwright analyst A. Dayal now forecasts that the company will earn $0.11 per share for the quarter, down from their prior forecast of $0.45. The consensus estimate for TOYO's current full-year earnings is $1.98 per share. HC Wainwright also issued estimates for TOYO's Q4 2026 earnings at $0.24 EPS, FY2026 earnings at $1.56 EPS and FY2027 earnings at $3.26 EPS.

TOYO (NASDAQ:TOYO - Get Free Report) last announced its earnings results on Wednesday, August 19th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.07). The company had revenue of $118.18 million for the quarter, compared to analysts' expectations of $192.57 million.

Several other analysts have also recently issued reports on the company. Zacks Research upgraded TOYO from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 28th. Wall Street Zen cut TOYO from a "strong-buy" rating to a "hold" rating in a research note on Saturday. Finally, Weiss Ratings lowered TOYO from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $16.50.

TOYO Stock Performance

Shares of TOYO stock opened at $4.82 on Monday. TOYO has a 52 week low of $4.26 and a 52 week high of $17.43. The firm has a 50 day moving average of $6.65 and a two-hundred day moving average of $9.31. The company has a quick ratio of 0.58, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $182.05 million, a PE ratio of 6.43 and a beta of 1.45.

Institutional Investors Weigh In On TOYO

A hedge fund recently raised its stake in TOYO stock. Renaissance Technologies LLC grew its stake in shares of TOYO Co., Ltd. (NASDAQ:TOYO - Free Report) by 17.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,250 shares of the company's stock after purchasing an additional 4,250 shares during the quarter. Renaissance Technologies LLC owned approximately 0.07% of TOYO worth $166,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 84.61% of the company's stock.

About TOYO

TOYO Co Ltd. engages in the design, manufacture, and sale of solar cells and modules. It is involved in integrating the upstream production of wafer and silicon, midstream production of solar cell, downstream production of photovoltaic (PV) modules, and potentially other stages of the solar power supply chain. The company was founded on November 8, 2022 and is headquartered in Tokyo, Japan.

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