Titan International Inc reports results for the quarter ended March 31 - Earnings Summary

• Titan International Inc TWI.N reported quarterly adjusted earnings of 1 cent​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 29 cents. The mean expectation of four analysts for the quarter was for earnings of 4 cents per share. Wall Street expected results to range from 1 cents to 6 cents per share.

• Revenue rose 1.8% to $490.71 million from a year ago; analysts expected $464.25 million.

• Titan International Inc's reported EPS for the quarter was a loss of 1 cent​.

• The company reported a quarterly loss of $649 thousand.

• Titan International Inc shares had fallen by 12.6% this quarter and gained 8.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 36.5% 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," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the auto, truck & motorcycle parts peer group is also "buy"

• Wall Street's median 12-month price target for Titan International Inc is $11.50

This summary was machine generated from LSEG data April 30 at 10:50 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)