Coming Soon: Titan Machinery Earnings

Checking expectations

Seth Jayson
Seth Jayson
Sep 5, 2012 at 12:00AM
Other

Titan Machinery (Nasdaq: TITN) is expected to report Q2 earnings on Sep. 10. 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 increase 29.3% and EPS will expand 43.3%.

The average estimate for revenue is $402.0 million. On the bottom line, the average EPS estimate is $0.43.

Revenue details
Last quarter, Titan Machinery chalked up revenue of $421.7 million. GAAP reported sales were 33% higher than the prior-year quarter's $318.2 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, EPS came in at $0.36. GAAP EPS of $0.36 for Q1 were 10% lower than the prior-year quarter's $0.40 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 16.7%, 10 basis points better than the prior-year quarter. Operating margin was 3.7%, 50 basis points worse than the prior-year quarter. Net margin was 1.8%, 50 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.02 billion. The average EPS estimate is $2.64.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 484 members out of 506 rating the stock outperform, and 22 members rating it underperform. Among 75 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 72 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 $40.79.