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Can Titan (TITN) Run Higher on Strong Earnings Estimate Revisions?
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Titan Machinery Inc. (TITN - Free Report) represents a diversified mix of agricultural, construction, and consumer products dealerships that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on TITN’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Titan could be a solid choice for investors.
Current Quarter Estimates for TITN
In the past 30 days, three estimates have gone higher for Titan while one has gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 4 cents a share 30 days ago, to a loss of a penny today, a move of 75%.
Current Year Estimates for TITN
Meanwhile, Titan’s current year figures are also looking quite promising, with two estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 3 cents per share 30 days ago to 4 cents per share today, an increase of 33.3%.
The stock has also started to move higher lately, adding 27.1% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Can Titan (TITN) Run Higher on Strong Earnings Estimate Revisions?
Titan Machinery Inc. (TITN - Free Report) represents a diversified mix of agricultural, construction, and consumer products dealerships that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on TITN’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Titan could be a solid choice for investors.
Current Quarter Estimates for TITN
In the past 30 days, three estimates have gone higher for Titan while one has gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 4 cents a share 30 days ago, to a loss of a penny today, a move of 75%.
Current Year Estimates for TITN
Meanwhile, Titan’s current year figures are also looking quite promising, with two estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 3 cents per share 30 days ago to 4 cents per share today, an increase of 33.3%.
Titan Machinery Inc. Price and Consensus
Titan Machinery Inc. Price and Consensus | Titan Machinery Inc. Quote
Bottom Line
The stock has also started to move higher lately, adding 27.1% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>