Terex (NYSE: TEX ) is expected to report Q2 earnings around July 18. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Terex's revenues will grow 36.7% and EPS will grow 455.6%.
The average estimate for revenue is $2.03 billion. On the bottom line, the average EPS estimate is $0.50.
Last quarter, Terex reported revenue of $1.82 billion. GAAP reported sales were 45% higher than the prior-year quarter's $1.26 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.31. GAAP EPS of $0.20 for Q1 were 100% higher than the prior-year quarter's $0.10 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 18.2%, 490 basis points better than the prior-year quarter. Operating margin was 4.2%, 490 basis points better than the prior-year quarter. Net margin was 1.3%, 40 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $7.98 billion. The average EPS estimate is $1.80.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Terex is outperform, with an average price target of $29.18.
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