Heavy equipment distributor Titan Machinery (NASDAQ:TITN) will be reporting results tomorrow before market hours. Here’s what to expect.

Titan Machinery met analysts’ revenue expectations last quarter, reporting revenues of $633.7 million, down 1.4% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ EPS estimates and full-year EPS guidance exceeding analysts’ expectations.

Is Titan Machinery a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Titan Machinery’s revenue to decline 2.7% year on year to $675.3 million, a reversal from the 3.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.05 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Titan Machinery has missed Wall Street’s revenue estimates five times over the last two years.

Looking at Titan Machinery’s peers in the specialty equipment distributors segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Herc delivered year-on-year revenue growth of 6.3%, beating analysts’ expectations by 3.6%, and United Rentals reported revenues up 6%, in line with consensus estimates. Herc traded up 23.9% following the results while United Rentals was down 1%.

Read our full analysis of Herc’s results here and United Rentals’s results here.

There has been positive sentiment among investors in the specialty equipment distributors segment, with share prices up 7.4% on average over the last month. Titan Machinery is up 5.5% during the same time and is heading into earnings with an average analyst price target of $16.80 (compared to the current share price of $15.28).

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