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Earnings Preview for Titan Machinery

Benzinga Insights
·2 min read

On Tuesday, November 24, Titan Machinery (NASDAQ: TITN) will release its latest earnings report. Check out Benzinga's preview to understand the implications.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Sell-side analysts expect Titan Machinery's EPS to be near $0.35 on sales of $329.34 million. Titan Machinery earnings in the same period a year ago was $0.44 per share. Quarterly sales came in at $360.94 million.

Why Analyst Estimates And Earnings Surprises Are Important

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

View more earnings on TITN

The analyst consensus estimate would represent a 20.45% decrease in the company's earnings. Sales would be down 8.75% from the year-ago period. Here is how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter

Q2 2020

Q1 2020

Q4 2020

Q3 2019

EPS Estimate

-0.01

-0.12

0.01

0.47

EPS Actual

0.29

0.15

0.02

0.44

Revenue Estimate

266.92 M

251.05 M

362.50 M

373.65 M

Revenue Actual

303.46 M

310.21 M

350.96 M

360.94 M

Stock Performance

Shares of Titan Machinery were trading at $18.33 as of November 20. Over the last 52-week period, shares are up 21.47%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Titan Machinery is scheduled to hold the call at 08:30:00 ET and can be accessed here.

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