Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of agriculture equipment retailer Titan Machinery (NASDAQ:TITN) jumped 15% today after the company released earnings.

So what: Revenue dropped 9.7% to $708.6 million and adjusted net income dropped more than 50% to $7.4 million, or $0.35 per share. The results don't look good but the bottom line beat analyst estimates by $0.15 and that's all traders needed to push the stock higher today.

Now what: This has been a highly volatile stock and while today is good the trends next year don't look to be good either. Revenue is expected to fall from $2.23 billion in fiscal 2014 to between $1.95 billion and $2.15 billion next year. Expected earnings between $0.70 and $1.00 per share also puts the stock at 18 times forward earnings at best, which isn't enough value to get me into the stock today.

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Travis Hoium has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.