Titan Machinery Stock Plunges After Missing Q1 Targets, Inventory Issues Persist
Portfolio Pulse from Akanksha Bakshi
Titan Machinery Inc (NASDAQ:TITN) shares dropped after missing Q1 fiscal 2025 earnings targets. The company reported revenue growth of 10.4% year-over-year to $628.703 million, missing the consensus of $661.73 million. EPS was $0.41, below the expected $0.61. Inventory issues and softening demand impacted margins. The company lowered its full-year EPS outlook to $2.25-$2.75 from $3.00-$3.50.
May 23, 2024 | 1:52 pm
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Titan Machinery Inc (NASDAQ:TITN) shares fell 10.8% after missing Q1 fiscal 2025 earnings targets. Revenue grew 10.4% year-over-year to $628.703 million, missing the consensus of $661.73 million. EPS was $0.41, below the expected $0.61. Inventory issues and softening demand impacted margins. The company lowered its full-year EPS outlook to $2.25-$2.75 from $3.00-$3.50.
Titan Machinery's Q1 fiscal 2025 earnings missed expectations, leading to a significant drop in share price. The company reported lower-than-expected revenue and EPS, and inventory issues and softening demand impacted margins. Additionally, the company lowered its full-year EPS outlook, which is likely to negatively impact investor sentiment in the short term.
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