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Titan International (TWI) Q3 Earnings Report Preview: What To Look For

TWI Cover Image

Agricultural and farm machinery company Titan (NSYE:TWI) will be reporting earnings tomorrow after market hours. Here’s what to expect.

Titan International missed analysts’ revenue expectations by 2.8% last quarter, reporting revenues of $532.2 million, up 10.6% year on year. It was a softer quarter for the company, with a miss of analysts’ earnings estimates and underwhelming EBITDA guidance for the next quarter.

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 grow 17.4% year on year to $471.6 million, a reversal from the 24.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.02 per share.

Titan International Total Revenue

The majority of analysts covering the company have 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 Q3 results, giving us a hint as to what we can expect. Lindsay’s revenues decreased 7.3% year on year, beating analysts’ expectations by 6.5%, and Douglas Dynamics reported a revenue decline of 10.2%, falling short of estimates by 8.4%. Lindsay traded up 6.5% following the results.

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

Investors in the heavy machinery segment have had steady hands going into earnings, with share prices flat over the last month. Titan International is down 10.6% during the same time and is heading into earnings with an average analyst price target of $13.50 (compared to the current share price of $7.27).

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