Titan Machinery (NAS: TITN) is expected to report Q2 earnings on Sep. 10. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Titan Machinery's revenues will increase 29.3% and EPS will expand 43.3%.
The average estimate for revenue is $402.0 million. On the bottom line, the average EPS estimate is $0.43.
Last quarter, Titan Machinery chalked up revenue of $421.7 million. GAAP reported sales were 33% higher than the prior-year quarter's $318.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.36. GAAP EPS of $0.36 for Q1 were 10% lower than the prior-year quarter's $0.40 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 16.7%, 10 basis points better than the prior-year quarter. Operating margin was 3.7%, 50 basis points worse than the prior-year quarter. Net margin was 1.8%, 50 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $2.02 billion. The average EPS estimate is $2.64.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 484 members out of 506 rating the stock outperform, and 22 members rating it underperform. Among 75 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 72 give Titan Machinery a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Titan Machinery is buy, with an average price target of $40.79.
Add Titan Machinery to My Watchlist.
The article Coming Soon: Titan Machinery Earnings originally appeared on Fool.com.
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. The Motley Fool has no positions in the stocks mentioned above. 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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.