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Titan Machinery Inc. (TITN) owns and operates a network of full-service agricultural and construction equipment stores in the United States and Europe. 
It operates through three segments: Agriculture, Construction, and International.
The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH Industrial family of brands, as well as equipment from various other manufacturers.
Its agricultural equipment includes machinery and attachments for use in the production of food, fiber, feed grain, and renewable energy; and home and garden applications, as well as maintenance of commercial, residential, and government properties.
The company's construction equipment comprises heavy construction machinery, light industrial machinery for commercial and residential construction, road and highway construction machinery, and energy and forestry operations equipment. It also sells maintenance and replacement parts.
In addition, the company offers repair and maintenance services that include warranty repairs, off-site and on-site repair services, scheduling off-season maintenance services, and notifying customers of periodic service requirements; and training programs to customers.
Further, it rents equipment; and provides ancillary equipment support services, such as equipment transportation, global positioning system signal subscriptions and other precision farming products, farm data management products, and CNH Industrial finance and insurance products.
Shares have formed a bullish "flag" following its latest quarterly report. On October 3rd, TITN reported 3rd Quarter October 2022 earnings of $1.83 per share on revenue of $668.8 million. The consensus earnings estimate was $1.15 per share on revenue of $597.4 million. The Earnings Whisper number was $1.23 per share. Revenue grew 47.3% on a year-over-year basis.
Guided Higher: The company said it expects fiscal 2023 earnings of $4.55 to $4.85 per share on revenue of $2.27 billion to $2.36 billion. The company's previous guidance was earnings of $3.70 to $4.00 per share on revenue of $2.20 billion to $2.29 billion and the consensus earnings estimate was $3.90 per share on revenue of $2.20 billion for the year ending January 31, 2023. Higher share prices are expected.
Higher share prices are expected.
Entry Point: $41.50
Stop Loss: $39.50
Trading Range: $21.50 - $44.35
