Titan International (TWI) Reports Q1: Everything You Need To Know Ahead Of Earnings

StockStory
29 Apr
Titan International (TWI) Reports Q1: Everything You Need To Know Ahead Of Earnings

Agricultural and farm machinery company Titan (NSYE:TWI) will be announcing earnings results tomorrow afternoon. Here’s what you need to know.

Titan International missed analysts’ revenue expectations by 2.7% last quarter, reporting revenues of $383.6 million, down 1.7% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

Is Titan International a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Titan International’s revenue to decline 3.7% year on year to $464.2 million, improving from the 12.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.06 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.

Looking at Titan International’s peers in the heavy machinery segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Lindsay delivered year-on-year revenue growth of 23.5%, beating analysts’ expectations by 4%, and Shyft reported revenues up 3.4%, topping estimates by 2.8%. Lindsay traded down 8% following the results while Shyft was up 18.1%.

Read our full analysis of Lindsay’s results here and Shyft’s results here.

Investors in the heavy machinery segment have had fairly steady hands going into earnings, with share prices down 1.3% on average over the last month. Titan International is down 12% during the same time and is heading into earnings with an average analyst price target of $12 (compared to the current share price of $7.38).

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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