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.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.