Titan Machinery Inc reports results for the quarter ended October 31 - Earnings Summary
26/11/2024 14:32
* Titan Machinery Inc TITN.OQ reported quarterly adjusted
earnings of 7 cents per share for the quarter ended October
31, lower than the same quarter last year, when the company
reported EPS of $1.32. The mean expectation of five analysts
for the quarter was for earnings of 2 cents per share. Wall
Street expected results to range from -8 cents to 6 cents per
share.
* Revenue fell 2.1% to $679.82 million from a year ago;
analysts
expected $675.28 million.
* Titan Machinery Inc's reported EPS for the quarter was 7
cents.
* The company reported quarterly net income of $1.71
million.
* Titan Machinery Inc shares had risen by 10.7% this
quarter and
lost 46.6% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 84.9%
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 "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 November 26 at
02:31 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
Oct. 31 2024 0.02 0.07 Beat
Jul. 31 2024 0.19 0.17 Missed
Apr. 30 2024 0.64 0.41 Missed
Jan. 31 2024 1.02 1.31 Beat