* Titan Machinery Inc 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
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