Titan Intl Q3 Adj EPS $0.29 Beats $0.26 Estimate, Sales $401.78M Miss $428.07M Estimate
Portfolio Pulse from mahesh@benzinga.com
Titan Intl (NYSE:TWI) reported Q3 earnings of $0.29 per share, beating the analyst consensus estimate of $0.26 by 11.54%. However, this is a 46.3% decrease from the same period last year. The company's quarterly sales were $401.78 million, missing the analyst consensus estimate of $428.07 million by 6.14%, and marking a 24.30% decrease from the same period last year.
November 01, 2023 | 10:01 pm
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Titan Intl's Q3 earnings beat estimates but are significantly down YoY. Sales also missed estimates and are down YoY.
Despite beating the earnings estimate, Titan Intl's significant YoY decrease in earnings and sales, as well as missing the sales estimate, could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100