Titan Machinery Inc. (NASDAQ:TITN) is reporting second quarter financial results on Thursday 27th August 2020, before market open.
According to analysts surveyed by Thomson Reuters, TITN is expected to report 2Q21 loss of $ 0.01 per share from revenue of $ 266.92 million.
For the full year, analysts anticipate top line of $ 1227.28 million, while looking forward to income of $ 0.34 per share bottom line.
Previous Quarter Performance
Titan Machinery Inc. communicated income for the first quarter of $ 0.15 per share, from the revenue of $ 310.21 million. The quarterly earnings improved 650.00 percent while revenues up 24.68 percent compared with the same quarter last year.
Street analysts expected Titan Machinery Inc. to report loss of $ 0.12 per share on revenue of $ 251.05 million for the first quarter. The bottom line results beat street analysts by $ 0.27 or 225.00 percent, at the same time, top line results outshined analysts by $ 59.16 million or 23.57 percent.
Stock Performance
Shares of Titan Machinery Inc. traded up $ 0.15 or 1.23 percent on Wednesday, reaching $ 12.34 with volume of 105.70 thousand shares. Titan Machinery Inc. has traded high as $ 12.40 and has cracked $ 12.10 on the downward trend
The closing price of $ 12.34, representing a 75.14 % increase from the 52 week low of $ 6.96 and a 32.95 % decrease over the 52 week high of $ 18.18.
The company has a market capital of $ 275.35 million and is part of the Industrials sector and Industrial Distribution industry.
Conference Call
Titan Machinery Inc. will be hosting a conference call at 8:30 AM eastern time on 27th August 2020, to discuss its 2Q21 financial results with the investment community. The participants may dial, (877) 705-6003 U.S. or (201) 493-6725 Outside U.S. in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website viavid.webcasts.com/starthere.jsp?ei=1337226&tp_key=d7eecfc0ee
Titan Machinery Inc. owns and operates a network of full-service agricultural and construction equipment stores. It operates through three segments: Agriculture, Construction, and International.
