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What's in Store for Titan Machinery (TITN) in Q4 Earnings?

Zacks Equity Research

Titan Machinery Inc. TITN is set to report fourth-quarter and fiscal 2018 results (ending Jan 31, 2019) on Mar 27.

In the last reported quarter, the company beat estimates by 36.1%. Per the earnings record, it surpassed estimates in all of the trailing four quarters, the average beat being 67.7%.

In the past three months, shares of Titan Machinery have outperformed the industry it belongs to. The stock has risen 67.2% compared with 13.7% growth recorded by the industry during that period.

Let’s see how things have shaped up for the upcoming announcement.

Titan Machinery Inc. Price and EPS Surprise


Titan Machinery Inc. Price and EPS Surprise | Titan Machinery Inc. Quote

Factors Influencing This Quarter

West Fargo, ND-based Titan Machinery is a leading global dealership, with a network of full-service agriculture and construction equipment stores. It has been trying to reduce operating expenses and raise equipment gross profit margins.

The company expects structural improvements in the business to bear fruits in the soon-to-be-released quarter. In fact, it updated fiscal 2019 Modeling Assumptions, including an increase in the earnings per share range.

Earnings Whispers

Our proven model does not conclusively predict an earnings beat for Titan Machinery this quarter. This is because a stock needs to have both positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. This is not the case here as you will see below.

Earnings ESP: Titan Machinery’s Earnings ESP is 0.00% as both the Most Accurate Estimate and the Zacks Consensus Estimate are pegged at two cents.

You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Titan Machinery currently carries a Zacks Rank of 3.

We caution against stocks with a Zacks Rank #4 or 5 (Sell-rated) going into earnings announcement, especially when the company is witnessing negative estimate revisions.

Stocks to Consider

Here are a few stocks worth considering from the same space, with the right combination of elements:

American Axle & Manufacturing Holdings, Inc. AXL has an Earnings ESP of +3.59% and it currently carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.

Wabco Holdings Inc. WBC has an Earnings ESP of +4.66% and it currently carries a Zacks Rank #3.

Comcast Corporation CMCSA has an Earnings ESP of +4.53% and it currently has a Zacks Rank of 3.

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Titan Machinery Inc. (TITN) : Free Stock Analysis Report
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