Earnings Outlook For Titan Machinery
Portfolio Pulse from Benzinga Insights
Titan Machinery (NASDAQ:TITN) is scheduled to release its quarterly earnings report on March 21, 2024, with an expected EPS of $1.02. Analysts and investors are particularly focused on the company's guidance for future growth. Despite missing the EPS estimate last quarter, TITN's stock price increased by 7.74% the following day. Historically, the company's earnings performance has shown mixed results, with both misses and beats in the past four quarters. Currently, TITN shares are trading at $26.08, reflecting a 6.66% decrease over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.
March 20, 2024 | 3:01 pm
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Titan Machinery is expected to report an EPS of $1.02 for the upcoming quarter. Historical performance shows variability in meeting EPS estimates, with a notable stock price increase following the last earnings miss. Shares have declined 6.66% over the past year.
Given TITN's mixed historical earnings performance and the recent decline in share price, the upcoming earnings report could maintain the stock's current volatility. The focus will be on whether TITN can meet or exceed the EPS estimate and provide positive future guidance. However, the stock's reaction to past earnings and the overall bearish sentiment among long-term shareholders suggest a cautious outlook.
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