Titan Machinery (Nasdaq: TITN) reported earnings on Dec. 6. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Oct. 31 (Q3), Titan Machinery beat expectations on revenues and beat slightly on earnings per share.

Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share increased.

Margins dropped across the board.

Revenue details
 Titan Machinery recorded revenue of $582.1 million. The six analysts polled by S&P Capital IQ anticipated revenue of $519.3 million on the same basis. GAAP reported sales were 38% higher than the prior-year quarter's $423.0 million.

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

EPS details
 EPS came in at $0.66. The seven earnings estimates compiled by S&P Capital IQ anticipated $0.65 per share. GAAP EPS of $0.66 for Q3 were 8.2% higher than the prior-year quarter's $0.61 per share.

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

Margin details
 For the quarter, gross margin was 16.2%, 130 basis points worse than the prior-year quarter. Operating margin was 5.2%, 50 basis points worse than the prior-year quarter. Net margin was 2.4%, 60 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $676.9 million. On the bottom line, the average EPS estimate is $0.87.

Next year's average estimate for revenue is $2.04 billion. The average EPS estimate is $2.15.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 526 members out of 549 rating the stock outperform, and 23 members rating it underperform. Among 99 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 96 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 $29.71.

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