Tag Archives: Titan Machinery

Business, Finance, Occupation & Industry

The Gory Details of Titan Machinery's Earnings Miss

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By Seth Jayson, The Motley Fool

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Titan Machinery (NAS: TITN) reported earnings on April 10. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Jan. 31 (Q4), Titan Machinery beat expectations on revenues and whiffed on earnings per share.

Compared to the prior-year quarter, revenue increased significantly. GAAP earnings per share contracted.

Margins shrank across the board.

Revenue details
 Titan Machinery booked revenue of $784.5 million. The eight analysts polled by S&P Capital IQ expected to see sales of $703.2 million on the same basis. GAAP reported sales were 29% higher than the prior-year quarter’s $607.0 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.73. The nine earnings estimates compiled by S&P Capital IQ predicted $0.92 per share. GAAP EPS of $0.73 for Q4 were 12% lower than the prior-year quarter’s $0.83 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 13.3%, 200 basis points worse than the prior-year quarter. Operating margin was 4.1%, 130 basis points worse than the prior-year quarter. Net margin was 2.0%, 90 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter’s average estimate for revenue is $480.5 million. On the bottom line, the average EPS estimate is $0.22.

Next year’s average estimate for revenue is $2.39 billion. The average EPS estimate is $2.14.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Titan Machinery is outperform, with an average price target of $32.98.

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The article The Gory Details of Titan Machinery’s Earnings Miss 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 of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the

From: http://www.dailyfinance.com/2013/04/11/the-gory-details-of-titan-machinerys-earnings-miss/

Business, Finance, Occupation & Industry

Titan Machinery Crashes in 4th Quarter

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By Travis Hoium, The Motley Fool

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Although we don’t believe in timing the market or panicking over market movements, we do like to keep an eye on big changes — just in case they’re material to our investing thesis.

What: Shares of Titan Machinery dropped as much as 18% today after releasing earnings.

So what: Fiscal fourth-quarter revenue rose 29.2% from a year ago to $784.5 million, beating estimates of $694.8 million. But earnings per share were just $0.73, $0.19 below estimates, and the company’s guidance of 2014 earnings of $2.00 to $2.30 was well below the $2.59 estimate.  

Now what: Gross margin fell to 13.3% in the fourth quarter from 15.3% a year ago, which is why earnings fell short of expectations. The construction business accounted for much of that decline, and the company will work to reverse the trend in 2014. This isn’t good news for the company or the stock, but at 11 times forward earnings (on the low end), the stock isn’t a bad value, and if the economy picks up, so should earnings.

Interested in more info on Titan Machinery? Add it to your watchlist by clicking here. 

The article Titan Machinery Crashes in 4th Quarter originally appeared on Fool.com.

Fool contributor Travis Hoium has no position in any stocks mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings, or follow his CAPS picks at TMFFlushDraw. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don’t 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.

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