Titan Machinery (Nasdaq: TITN ) is expected to report Q3 earnings on Dec. 6. 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 Titan Machinery's revenues will expand 22.8% and EPS will grow 6.6%.
The average estimate for revenue is $519.3 million. On the bottom line, the average EPS estimate is $0.65.
Last quarter, Titan Machinery reported revenue of $410.1 million. GAAP reported sales were 32% higher than the prior-year quarter's $310.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.25. GAAP EPS of $0.25 for Q2 were 17% lower than the prior-year quarter's $0.30 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 17.2%, 80 basis points worse than the prior-year quarter. Operating margin was 3.4%, 40 basis points worse than the prior-year quarter. Net margin was 1.3%, 70 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $2.02 billion. The average EPS estimate is $2.14.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 523 members out of 546 rating the stock outperform, and 23 members rating it underperform. Among 95 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 92 give Titan Machinery a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Titan Machinery is buy, with an average price target of $39.56.
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