Titan Machinery: Q2 Earnings Insights

Titan Machinery TITN reported its Q2 earnings results on Thursday, August 25, 2022 at 06:45 AM.

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

Titan Machinery beat estimated earnings by 57.14%, reporting an EPS of $1.1 versus an estimate of $0.7.

Revenue was up $118.91 million from the same period last year.

Last quarter the company beat on EPS by $0.26 which was followed by a 2.35% increase in the share price the next day.

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

Quarter	Q1 2023	Q4 2022	Q3 2022	Q2 2022
EPS Estimate	0.53	0.54	0.67	0.44
EPS Actual	0.79	0.99	0.96	0.57
Revenue Estimate	408.25M	524.60M	429.87M	372.72M
Revenue Actual	461.01M	507.60M	453.98M	377.63M

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 2023, expecting earnings between $3.7 and $4.0 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.