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Titan Machinery (TITN) Gains As Market Dips: What You Should Know
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In the latest trading session, Titan Machinery (TITN - Free Report) closed at $28.30, marking a +1.07% move from the previous day. This move outpaced the S&P 500's daily loss of 1.08%.
Prior to today's trading, shares of the agriculture and construction equipment seller had lost 2.74% over the past month. This has was narrower than the Retail-Wholesale sector's loss of 4.25% and lagged the S&P 500's gain of 2.93% in that time.
Investors will be hoping for strength from TITN as it approaches its next earnings release, which is expected to be August 26, 2021. The company is expected to report EPS of $0.45, up 55.17% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $364.5 million, up 20.11% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.78 per share and revenue of $1.6 billion. These totals would mark changes of +41.27% and +13.47%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for TITN. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. TITN is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, TITN is currently trading at a Forward P/E ratio of 15.77. For comparison, its industry has an average Forward P/E of 8.13, which means TITN is trading at a premium to the group.
The Automotive - Retail and Whole Sales industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 8, which puts it in the top 4% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow TITN in the coming trading sessions, be sure to utilize Zacks.com.
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Titan Machinery (TITN) Gains As Market Dips: What You Should Know
In the latest trading session, Titan Machinery (TITN - Free Report) closed at $28.30, marking a +1.07% move from the previous day. This move outpaced the S&P 500's daily loss of 1.08%.
Prior to today's trading, shares of the agriculture and construction equipment seller had lost 2.74% over the past month. This has was narrower than the Retail-Wholesale sector's loss of 4.25% and lagged the S&P 500's gain of 2.93% in that time.
Investors will be hoping for strength from TITN as it approaches its next earnings release, which is expected to be August 26, 2021. The company is expected to report EPS of $0.45, up 55.17% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $364.5 million, up 20.11% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.78 per share and revenue of $1.6 billion. These totals would mark changes of +41.27% and +13.47%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for TITN. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. TITN is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, TITN is currently trading at a Forward P/E ratio of 15.77. For comparison, its industry has an average Forward P/E of 8.13, which means TITN is trading at a premium to the group.
The Automotive - Retail and Whole Sales industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 8, which puts it in the top 4% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow TITN in the coming trading sessions, be sure to utilize Zacks.com.