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What's in the Cards for Titan Machinery (TITN) in Q3 Earnings?

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Titan Machinery Inc. (TITN - Free Report) is set to report third-quarter fiscal 2018 results on Nov 29.

In the last reported quarter, the company beat estimates significantly. Per the earnings record, it beat estimates in all of the trailing four quarters, the average beat being 97.1%.

In the past three months, shares of Titan Machinery have outperformed the industry it belongs to. The stock has moved down 9.3% compared with 16.2% decline recorded by the industry during the 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. The company has been making efforts to lower down operating expenses and improve equipment gross profit margins.

The company expects structural improvements in its 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 36 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:

BorgWarner Inc. (BWA - Free Report) has an Earnings ESP of +0.39% and a Zacks Rank #3. In third-quarter 2018, the company delivered adjusted earnings of $1 per share beating the Zacks Consensus Estimate of 99 cents.

You can see the complete list of today’s Zacks #1 Rank stocks here.

CarGurus, Inc. (CARG - Free Report) has an Earnings ESP of +1.15% and a Zacks Rank #2. In third-quarter 2018, the company delivered earnings of 8 cents per share, beating the Zacks Consensus Estimate of 5 cents.

Tower International, Inc. (TOWR - Free Report) has an Earnings ESP of +0.84% and a Zacks Rank #2. In third-quarter 2018, the company delivered earnings of $1.08 per share, beating the Zacks Consensus Estimate of 97 cents.

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