Titan Machinery Lowers FY25 EPS Outlook To $2.25-$2.75 From $3.00 - $3.50 (Estimate: $3.18); Lowers Australia Revenue Outlook In Range Of $240M-$260M From Prior View Of $250M-$270M
Portfolio Pulse from Benzinga Newsdesk
Titan Machinery has lowered its FY25 EPS outlook to $2.25-$2.75 from the previous range of $3.00-$3.50, which is below the estimate of $3.18. Additionally, the company has reduced its Australia revenue outlook to $240M-$260M from the prior view of $250M-$270M.
May 23, 2024 | 10:58 am
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Titan Machinery has revised its FY25 EPS outlook downward to $2.25-$2.75 from $3.00-$3.50, which is below the market estimate of $3.18. The company also lowered its Australia revenue outlook to $240M-$260M from $250M-$270M.
The downward revision of both EPS and revenue outlooks indicates potential financial challenges for Titan Machinery, which is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100