Published on 19 Oct 2022 on Zacks · via Yahoo Finance
Titan Machinery Inc. (TITN) Hit a 52 Week High, Can the Run Continue?
Have you been paying attention to shares of Titan Machinery (TITN)? Shares have been on the move with the stock up 29.2% over the past month. The stock hit a new 52-week high of $44.29 in the previous session. Titan Machinery has gained 30.7% since the start of the year compared to the -22% move for the Zacks Retail-Wholesale sector and the -0.7% return for the Zacks Automotive - Retail and Whole Sales industry.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on November 30, 2022, Titan Machinery reported EPS of $1.83 versus consensus estimate of $1.15.