Titan Machinery Inc reports results for the quarter ended January 31 - Earnings Summary

• Titan Machinery Inc TITN.OQ reported quarterly adjusted earnings of $1.88​​ per share for the quarter ended January 31, higher than the same quarter last year, when the company reported EPS of $1.31. The mean expectation of five analysts for the quarter was for a loss of 62 cents per share. Wall Street expected results to range from -72 cents to -52 cents per share.

• Revenue fell 10.8% to $759.92 million from a year ago; analysts expected $728.18 million.

• Titan Machinery Inc's reported EPS for the quarter was a loss of $1.93​.

• The company reported a quarterly loss of $43.76 million.

• Titan Machinery Inc shares had risen by 4.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged 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 2 "strong buy" or "buy," 3 "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 $20.00

This summary was machine generated from LSEG data March 20 at 01:31 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)