Titan Machinery Q1 EPS $0.41 Misses $0.61 Estimate, Sales $628.70M Miss $661.73M Estimate
Portfolio Pulse from Benzinga Newsdesk
Titan Machinery (NASDAQ:TITN) reported Q1 earnings per share of $0.41, missing the analyst estimate of $0.64 by 35.94%. Sales were $628.70M, below the $661.73M estimate. EPS decreased by 65.55% year-over-year, while sales increased by 10.37%.
May 23, 2024 | 10:48 am
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Titan Machinery reported Q1 EPS of $0.41, missing the $0.64 estimate by 35.94%. Sales were $628.70M, below the $661.73M estimate. EPS decreased by 65.55% YoY, while sales increased by 10.37%.
The significant miss on both EPS and sales estimates, combined with a substantial year-over-year decrease in EPS, is likely to negatively impact Titan Machinery's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100