Titan Machinery Inc reports results for the quarter ended in July 31 - Earnings Summary

Titan Machinery

29/08/2024 14:32

* Titan Machinery Inc  TITN.OQ  reported quarterly adjusted
earnings of 17 cents​​ per share for the quarter ended July 31,
lower than the same quarter last year, when the company reported
EPS of $1.38.  The mean expectation of five analysts for the
quarter was for earnings of 19 cents per share. Wall Street
expected results to range from -19 cents to 64 cents per share.
    * Revenue fell 1.4% to $633.67 million from a year ago;
analysts
expected $645.29 million. 
    * Titan Machinery Inc's reported EPS for the quarter was a
loss
of 19 cents​.
    * The company reported a quarterly loss of $4.3 million.
    * Titan Machinery Inc shares had fallen by 11.1% this
quarter and
lost 51.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 67.5%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the heavy
machinery &
vehicles peer group is also "hold"

Wall Street's median 12-month price target for Titan Machinery
Inc is $15.00 
This summary was machine generated from LSEG data August 29 at
01:31 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
 Jul. 31 2024      0.19           0.17           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