-=Titan Machinery (TITN) reported earnings on Thur 27 May 21 (b/o)

 

Titan Machinery beats by $0.30, beats on revs; guides FY22 EPS above consensus 

Reports Q1 (Apr) earnings of $0.46 per share, $0.30 better than the S&P Capital IQ Consensus of $0.16; revenues rose 20.1% year/year to $372.7 mln vs the $337.65 mln S&P Capital IQ Consensus.

Co issues upside guidance for FY22, sees EPS of $1.65-1.85 vs. $1.42 S&P Capital IQ Consensus, and above prior guidance of $1.25-1.45.

Earnings this week : May 24 - 28, 2021 (wk 21)

Monday (May 24)

• Afternoon: API RIDE NDSN

Tuesday (May 25)

• Morning: AZO CBRL DY MMYT VSAT
• Afternoon:  A HEI INTU RAMP JWN RRGB SKY TOL URBN ZS

Wednesday (May 26)

• Morning:  ANF BMO CPRI CMCO DKS GOTU LI PLAB
• Afternoon:  UHAL AEO CHNG APPS DXC ELF ENS NXGN NTNX NVDA OKTA OOMA PSTG SNOW WSM WDAY ZUO

Thursday (May 27)

• Morning: AMWD PLAN ATHM BBY BURL CM DG DLTR FRO GCO HLNE HHR MDT RY SAFM TITN TD
• Afternoon:  ADSK BOX COST DELL DOMO GPS GES LGF.A OLLI CRM ULTA VEEV VMW YEXT

Friday (May 28)  

• Morning:  BIG CAL HIBB

Earnings : Titan Machinery (TITN)

before earnings
was on #72

Farmer demand for combines and tractors in the upper Midwest boosted first-quarter sales for dealership chain Titan Machinery (TITN). But rising costs cut into earnings, and its guidance range merely bracketed analyst views.

Shares tumbled 19.2% to 26.91.

The equipment seller earned 36 cents, down from 40 cents a year ago and 2 cents shy of analyst forecasts. Sales climbed 33% to $422 million, beating views for $393.7 million.

Costs climbed 39%, in part on business expansion, and through a mix shift to construction equipment, which has higher operational costs, the company said.

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Last week, shares of Tractor Supply (TSCO) tumbled on an analyst note suggesting same-store sales for the ranch and small-farm supply shops were slowing.