Titan Machinery Q3 EPS $1.32 Misses $1.53 Estimate, Sales $694.12M Miss $727.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Titan Machinery (NASDAQ:TITN) reported Q3 earnings of $1.32 per share, missing the consensus estimate of $1.53 by 13.73%, and a 27.87% decrease from $1.83 per share last year. Sales were $694.12M, missing the $727.20M estimate by 4.55%, but a 3.79% increase from $668.77M last year.
November 30, 2023 | 11:50 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Titan Machinery reported lower-than-expected Q3 earnings and sales, with EPS at $1.32 missing estimates by 13.73% and sales at $694.12M missing by 4.55%.
The miss on both earnings per share and sales estimates is likely to negatively impact investor sentiment and could lead to a short-term decline in Titan Machinery's stock price. The significant miss on the EPS estimate, coupled with a year-over-year decrease in earnings, is particularly concerning for investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100