Stock Track | Tennant Plummets 18.66% Intraday After Q4 Earnings and Revenue Miss Estimates

Stock Track02-24

Tennant's (TNC) stock plummeted 18.66% during intraday trading on Tuesday, following a significant pre-market decline.

The sharp drop came after the industrial machinery company reported fourth-quarter financial results that severely missed analyst expectations. The company's adjusted earnings per share and revenue for the quarter fell far short of consensus estimates.

Tennant reported quarterly adjusted earnings of $0.48 per share, missing the analyst estimate of $1.70 by 71.71% and representing a 68.42% decrease from the same period last year. Quarterly sales of $291.6 million missed the $319.93 million estimate by 8.86% and were down 11.34% year-over-year. The company's initiated 2026 guidance also came in below current analyst forecasts.

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