Titan Machinery Inc reports results for the quarter ended in April - Earnings Summary
23/05/2024 17:51
* Titan Machinery Inc TITN.OQ reported quarterly adjusted
earnings of 41 cents per share for the quarter ended in April,
lower than the same quarter last year, when the company reported
EPS of $1.19. The mean expectation of five analysts for the
quarter was for earnings of 64 cents per share. Wall Street
expected results to range from 51 cents to 83 cents per share.
* Revenue rose 10.4% to $628.70 million from a year ago;
analysts
expected $661.73 million.
* Titan Machinery Inc's reported EPS for the quarter was 41
cents.
* The company reported quarterly net income of $9.44
million.
* Titan Machinery Inc shares had fallen by 6.7% this
quarter and
lost 19.8% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 35.9%
in the last three months.
* In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."
* The average consensus recommendation for the heavy
machinery &
vehicles peer group is also "buy"
Wall Street's median 12-month price target for Titan Machinery
Inc is $32.00
This summary was machine generated from LSEG data May 23 at
04:51 p.m. UTC. 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Apr. 30 2024 0.64 0.41 Missed
Jan. 31 2024 1.02 1.31 Beat
Oct. 31 2023 1.53 1.32 Missed
Jul. 31 2023 1.17 1.38 Beat