Titan Machinery Inc reports results for the quarter ended in April - Earnings Summary

• Titan Machinery Inc TITN reported quarterly adjusted earnings of 41 cents​​ per share for the quarter ended in April, lower than the same quarter last year, when the company reported EPS of $1.19. The mean expectation of five analysts for the quarter was for earnings of 64 cents per share. Wall Street expected results to range from 51 cents to 83 cents per share.

• Revenue rose 10.4% to $628.70 million from a year ago; analysts expected $661.73 million.

• Titan Machinery Inc's reported EPS for the quarter was 41 cents​.

• The company reported quarterly net income of $9.44 million.

• Titan Machinery Inc shares had fallen by 6.7% this quarter and lost 19.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 35.9% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the heavy machinery & vehicles peer group is also "buy"

Wall Street's median 12-month price target for Titan Machinery Inc is $32.00

This summary was machine generated from LSEG data May 23 at 04:51 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)