Titan Machinery is expected to report Q4 earnings on April 10. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Titan Machinery's revenues will grow 14.5% and EPS will increase 9.5%.
The average estimate for revenue is $694.8 million. On the bottom line, the average EPS estimate is $0.92.
Last quarter, Titan Machinery notched revenue of $582.1 million. GAAP reported sales were 38% higher than the prior-year quarter's $423.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.66. GAAP EPS of $0.66 for Q3 were 8.2% higher than the prior-year quarter's $0.61 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 16.2%, 130 basis points worse than the prior-year quarter. Operating margin was 5.2%, 50 basis points worse than the prior-year quarter. Net margin was 2.4%, 60 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $2.11 billion. The average EPS estimate is $2.19.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 523 members out of 545 rating the stock outperform, and 22 members rating it underperform. Among 91 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 88 give Titan Machinery a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Titan Machinery is buy, with an average price target of $29.71.
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