Titan Machinery hits all-time high on higher 2023 forecast

Titan Machinery

30/11/2022 16:32

** Shares of Titan Machinery Inc  TITN.O  jump 13.7% to
record high of $39.66
    ** Co sees fiscal 2023 diluted EPS between $4.55 and $4.85,
compared with an earlier forecast of $3.70 to $4.00  urn:newsml:reuters.com:*:nGNX9LBMs9
    ** TITN also sees fiscal 2023 revenue in the agriculture
segment to go up between 55% and 60% from an earlier forecast of
a 50% to 55% increase
    ** Co also reports fiscal Q3 adj earnings of $1.83 per share
vs analysts' estimate of $1.16 - Refinitiv  
    ** Three of four brokerages rate the stock "buy" or higher
and one "hold"; their median PT is $40 - Refinitiv
    ** Including the session's gains, stock up 17.8% YTD
 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))