Terex Corporation (NYSE:TEX) is trading up 136.53% versus 12-month low of 13.45 and stands -4.07% lower from its 1-year peak of $33.17. The consensus price target (PT) of $33.71 means that the market expects Company shares to increase by 7.8% in the short run. The sell-side target prices range from $25 to $41. In the last month the stock has moved in price -1.61%, with a one year change of 95.83%. The last trading session volume compares with the 1.21M average and market worth floats around 3.39B.
Terex Corporation (NYSE:TEX) gained 1.76% to reach at the trading price of $31.82 as it is set to release its next quarterly earnings report on February 21, 2017. Terex Corporation stock trades in the range of $31.30 to $32.44 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $-0.06 a share with $918.85M in revenue.
Terex Corporation (TEX) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast Terex Corporation to earn $0.1 per share (EPS) on revenue of $965.23M. The EPS consensus range is $-0.01-$0.23 on revenue between $1.1B and $894.2M.
While if we look at the Earnings Track Record, Terex Corporation (TEX) managed to surpass quarterly earnings per share estimates in 4 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 33%. Last time the company reported, Terex Corporation (TEX) generated $0.19 in earnings per share, missing the consensus estimate of $0.22. Revenues hit $1.06B in the September 2017 quarter, which was below the consensus $1.07B projection. On the other hand, in the June 2017 quarter the company recorded a net $1.3B revenue with earnings per share of $0.64. Wall Street had anticipated $1.61B and $0.54, respectively. For comparison, there was a revenue of $1.43B and EPS of $-0.05 in the March 2016 period.
Terex Corporation (NYSE:TEX) Analyst Insights
The buoyancy in the outlook of Terex Corporation (TEX) is getting weaker by the somewhat negative sentiment (2.60 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Outperform. Barclays has been covering shares of TEX, so it is most recent view is worth a look. In a research note issued on Nov 18, 2016, analysts at downgraded the stock to Underperform from Buy. Another noteworthy analyst activity was recorded on Oct 24, 2016. Downgraded the stock to Underweight from Equal Weight.