Titan Machinery Expects FY25 EPS Of $3.00-$3.50, Est $4.40
Portfolio Pulse from Benzinga Newsdesk
Titan Machinery forecasts FY25 EPS to be between $3.00-$3.50, below the estimated $4.40. The growth is expected from the O'Connors acquisition and parts and service business, despite anticipating equipment margin compression and investments in customer care.
March 21, 2024 | 10:52 am
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Titan Machinery forecasts lower-than-expected FY25 EPS of $3.00-$3.50, citing growth from O'Connors acquisition and service business, alongside margin compression.
The projected EPS for FY25 by Titan Machinery is significantly below the estimated $4.40, which could lead to negative investor sentiment and potentially lower stock prices in the short term. The acknowledgment of margin compression and ongoing investments, despite growth drivers from acquisitions and service business, underscores the challenges faced.
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