Titan Machinery Inc expected to post earnings of $1.02 a share - Earnings Preview
19/03/2024 12:33
* Titan Machinery Inc TITN.OQ TITN.O is expected to show
a
rise in quarterly revenue when it reports results on March 21
for the period ending January 31 2024
* The West Fargo North Dakota-based company is expected to
report
a 24.2% increase in revenue to $724.201 million from $582.98
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.
* LSEG's mean analyst estimate for Titan Machinery Inc is
for
earnings of $1.02 per share.
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."
* The mean earnings estimate of analysts was unchanged in
the last
three months.
* Wall Street's median 12-month price target for Titan
Machinery
Inc is $38.00, above its last closing price of $24.94.
The company's guidance on November 30 2023 for the period ended
January 31 was for gross profit margin of 19.67%.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Oct. 31 2023 1.54 1.53 1.32 Missed -13.5
Jul. 31 2023 1.17 1.17 1.38 Beat 18.4
Apr. 30 2023 1.03 1.02 1.19 Beat 16.9
Jan. 31 2023 1.17 1.13 0.81 Missed -28.6
Oct. 1.18 1.16 1.83 Beat 57.8
31 2022
Jul. 31 2022 0.72 0.70 1.10 Beat 57.7
Apr. 30 2022 0.54 0.53 0.79 Beat 48.4
Jan. 31 2022 0.54 0.54 0.99 Beat 84.2
This summary was machine generated March 19 at 12:32 GMT. All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)