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

Titan Machinery

30/11/2023 14:32

* Titan Machinery Inc  TITN.OQ  reported quarterly adjusted
earnings of $1.32​​ per share for the quarter ended in October,
lower than the same quarter last year, when the company reported
EPS of $1.83.  The mean expectation of seven analysts for the
quarter was for earnings of $1.53 per share. Wall Street
expected results to range from $1.43  to $1.66 per share.
    * Revenue rose 3.8% to $694.12 million from a year ago;
analysts
expected $727.20 million. 
    * Titan Machinery Inc's reported EPS for the quarter was
$1.32​.
    * The company reported quarterly net income of $30.19
million.
    * Titan Machinery Inc shares had fallen by 4.1% this
quarter and
lost 35.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.7%
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 6 "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 $44.50 
This summary was machine generated from LSEG data November 30 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Oct. 31 2023      1.53           1.32           Missed
 Jul. 31 2023      1.17           1.38           Beat
 Apr. 30 2023      1.02           1.19           Beat
 Jan. 31 2023      1.13           0.81           Missed