Titan Intl Q1 2024 Adj EPS $0.29 Misses $0.45 Estimate, Sales $482.209M Miss $537.321M Estimate
Portfolio Pulse from Benzinga Newsdesk
Titan Intl (NYSE:TWI) reported Q1 2024 adjusted EPS of $0.29, missing the $0.45 estimate, and sales of $482.209M, below the $537.321M estimate. This represents a 45.28% decrease in earnings and a 12.11% decrease in sales from the same period last year.
May 01, 2024 | 8:53 pm
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Titan Intl reported a significant miss in both earnings and sales for Q1 2024, with adjusted EPS at $0.29 against a $0.45 estimate and sales at $482.209M against a $537.321M estimate.
The significant miss in both earnings per share and sales compared to analyst estimates, along with a year-over-year decrease in these metrics, is likely to negatively impact investor sentiment and the stock price of Titan Intl in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100