Titan Machinery TITN reported its Q1 earnings results on Thursday, May 25, 2023 at 06:45 AM.
Here's what investors need to know about the announcement.
Earnings
Titan Machinery beat estimated earnings by 16.67%, reporting an EPS of $1.19 versus an estimate of $1.02.
Revenue was up $108.62 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.32 which was followed by a 5.37% drop in the share price the next day.
Here's a look at Titan Machinery's past performance:
| Quarter | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|
| EPS Estimate | 1.13 | 1.16 | 0.7 | 0.53 |
| EPS Actual | 0.81 | 1.83 | 1.1 | 0.79 |
| Revenue Estimate | 684.35M | 597.35M | 439.77M | 408.25M |
| Revenue Actual | 582.98M | 668.77M | 496.54M | 461.01M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Titan Machinery management provided guidance for FY 2024, expecting earnings between $4.5 and $5.1 per share.
To track all earnings releases for Titan Machinery visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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