Titan Machinery (TITN) Stock Moves -0.25%: What You Should Know

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Titan Machinery (TITN) closed the last trading session at USD 31.51, a move of -0.25% from the previous day. That change was smaller than the S&P 500’s 0.35% loss that day.

– Zacks

Ahead of today’s trade, the agricultural and construction equipment seller’s shares were up 21.43% over the past month. This outperformed the retail-wholesale sector’s 5.65% gain and the S&P 500’s 7.11% gain over that time.

TITN will look to show strength as it nears its next earnings release. On that day, TITN is expected to post earnings of $ 0.61 per share, which would represent 5.17% year-over-year growth. Our latest consensus estimate is for quarterly revenue of $ 430.3 million, up 19.24% from the same period last year.

For the full year, our Zacks Consensus Estimates suggest analysts expect earnings per share of $ 2.13 and revenue of $ 1.68 billion. These sums would mean a change of 69.05% and 19.2% respectively compared to the previous year.

Investors might also notice the recent changes in analysts’ estimates for TITN. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can view positive valuation revisions as a sign of optimism about the company’s business outlook.

Based on our research, we believe these valuation revisions are directly related to team-based stock movements. We developed the Zacks Rank to take advantage of this phenomenon. Our system takes these changes in estimates into account and provides a clear, actionable rating model.

The Zacks ranking system, which ranges from # 1 (Strong Buy) to # 5 (Strong Sell), has an impressive, externally audited track record of outperformance, with # 1 stocks posting an average annual return of + 25% since 1988 last month, Zack’s Consensus EPS estimate remained flat. TITN is currently a Zacks Rank # 2 (Buy).

Investors should also check out TITN’s most recent valuation metrics, including its forward P / E of 14.87. That represents a premium compared to the industry’s average forward P / E of 7.96.

The automotive – retail and wholesale sector is part of the retail wholesale sector. This group has a Zacks industry ranking of 18, making it one of the top 8% of all over 250 industries.

Zacks Industry Rank measures the strength of our individual industry groups by measuring the average Zacks rank of each stock within the groups. Our research shows that the top-rated 50% of industries outperform the bottom half by a factor of 2 to 1.

Make sure you use zacks. Com to keep track of all of these stock movement metrics and more in the upcoming trading sessions.

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