Titan Machinery Inc reports results for the quarter ended in January - Earnings Summary

Titan Machinery

21/03/2024 13:31

* Titan Machinery Inc  TITN.OQ  reported quarterly adjusted
earnings of $1.31​​ per share for the quarter ended in January,
higher than the same quarter last year, when the company
reported EPS of 81 cents.  The mean expectation of six analysts
for the quarter was for earnings of $1.02 per share. Wall Street
expected results to range from 92 cents to $1.16 per share.
    * Revenue rose 46.2% to $852.13 million from a year ago;
analysts
expected $724.20 million. 
    * Titan Machinery Inc's reported EPS for the quarter was
$1.05​.
    * The company reported quarterly net income of $23.96
million.
    * Titan Machinery Inc shares had fallen by 7.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.6%
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 5 "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 $38.00 
This summary was machine generated from LSEG data March 21 at
01:30 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
 Jan. 31 2024      1.02           1.31           Beat
 Oct. 31 2023      1.53           1.32           Missed
 Jul. 31 2023      1.17           1.38           Beat
 Apr. 30 2023      1.02           1.19           Beat