Titan International Crushes Earnings Estimates
Titan International (NYS: TWI) reported earnings on April 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Titan International beat expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share expanded.
Margins improved across the board.
Titan International recorded revenue of $463.1 million. The six analysts polled by S&P Capital IQ expected sales of $433.8 million on the same basis. GAAP reported sales were 65% higher than the prior-year quarter's $280.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.78. The six earnings estimates compiled by S&P Capital IQ forecast $0.52 per share on the same basis. GAAP EPS were $0.68 for Q1 versus -$0.07 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 19.7%, 70 basis points better than the prior-year quarter. Operating margin was 12.7%, 310 basis points better than the prior-year quarter. Net margin was 7.6%, 870 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $493.9 million. On the bottom line, the average EPS estimate is $0.64.
Next year's average estimate for revenue is $1.93 billion. The average EPS estimate is $2.37.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 196 members out of 220 rating the stock outperform, and 24 members rating it underperform. Among 56 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 51 give Titan International a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Titan International is buy, with an average price target of $31.17.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.