Titan Intl Q3 2024 Adj. EPS $9.19 Beats $0.01 Estimate, Sales $447.985M Miss $471.625M Estimate
Portfolio Pulse from Benzinga Newsdesk
Titan International (NYSE:TWI) reported Q3 2024 earnings per share of $9.19, significantly surpassing the analyst estimate of $0.01. However, sales of $447.985 million fell short of the $471.625 million estimate, despite a 11.50% increase from the previous year.
October 30, 2024 | 8:24 pm
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POSITIVE IMPACT
Titan International's Q3 2024 EPS of $9.19 far exceeded expectations, but sales of $447.985M missed estimates. Despite the sales miss, the significant EPS beat may positively influence the stock price.
The massive EPS beat suggests strong profitability, which is a positive indicator for investors. Although sales missed estimates, the overall financial performance is likely to be viewed favorably, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100