The 10-second takeaway
For the quarter ended April 30 (Q1), Titan Machinery met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. GAAP earnings per share dropped to a loss.
Gross margins were steady, operating margins contracted, net margins contracted.
Titan Machinery tallied revenue of $441.7 million. The eight analysts polled by S&P Capital IQ looked for revenue of $441.4 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.02. The nine earnings estimates compiled by S&P Capital IQ averaged -$0.02 per share. GAAP EPS were -$0.02 for Q1 against $0.36 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 16.7%, much about the same as the prior-year quarter. Operating margin was 1.1%, 260 basis points worse than the prior-year quarter. Net margin was -0.1%, 190 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $461.3 million. On the bottom line, the average EPS estimate is $0.22.
Next year's average estimate for revenue is $2.36 billion. The average EPS estimate is $1.82.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 540 members out of 564 rating the stock outperform, and 24 members rating it underperform. Among 95 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 90 give Titan Machinery a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Titan Machinery is outperform, with an average price target of $28.00.
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