Titan Machinery: Q1 Earnings Insights - Titan Machinery (NASDAQ:TITN)

Titan Machinery TITN reported its Q1 earnings results on Thursday, May 25, 2023 at 06:45 AM.

Here's what investors need to know about the announcement.

Titan Machinery beat estimated earnings by 16.67%, reporting an EPS of $1.19 versus an estimate of $1.02.

Revenue was up $108.62 million from the same period last year.

Last quarter the company missed on EPS by $0.32 which was followed by a 5.37% drop in the share price the next day.

Here's a look at Titan Machinery's past performance:

Quarter	Q4 2023	Q3 2023	Q2 2023	Q1 2023
EPS Estimate	1.13	1.16	0.7	0.53
EPS Actual	0.81	1.83	1.1	0.79
Revenue Estimate	684.35M	597.35M	439.77M	408.25M
Revenue Actual	582.98M	668.77M	496.54M	461.01M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Titan Machinery management provided guidance for FY 2024, expecting earnings between $4.5 and $5.1 per share.

To track all earnings releases for Titan Machinery visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.