Titan Machinery (TITN) closed at $28.78 in the latest trading session, marking a -0.1% move from the prior day. This change lagged the S&P 500’s 1.02% gain on the day.
Coming into today, shares of the agriculture and construction equipment seller had lost 9.91% in the past month. In that same time, the Retail-Wholesale sector gained 0.19%, while the S&P 500 gained 3.01%.
Wall Street will be looking for positivity from TITN as it approaches its next earnings report date. The company is expected to report EPS of $0.45, up 55.17% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $364.5 million, up 20.11% from the prior-year quarter.
TITN’s full-year Zacks Consensus Estimates are calling for earnings of $1.78 per share and revenue of $1.6 billion. These results would represent year-over-year changes of +41.27% and +13.47%, respectively.
Any recent changes to analyst estimates for TITN should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. TITN is currently a Zacks Rank #1 (Strong Buy).
In terms of valuation, TITN is currently trading at a Forward P/E ratio of 16.23. This represents a premium compared to its industry’s average Forward P/E of 10.68.
The Automotive – Retail and Whole Sales industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 2, which puts it in the top 1% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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