Other extra well-known names shall be reporting their quarterly outcomes this week, however Dorian LPG (LPG) and Titan Machinery (TITN) are two shares that traders will need to concentrate to.
Let’s see why now could also be an excellent time to purchase Dorian LPG and Titan Machinery inventory as their quarterly reviews strategy on May 24 and 25 respectively.
Dorian LPG This autumn Preview
Sporting a Zacks Rank #1 (Strong Buy) Dorian LPG is predicted to launch its fiscal fourth-quarter outcomes on Wednesday, May 24. Dorian LPG’s Transportation-Shipping Industry can be within the prime 47% of over 250 Zacks industries.
Trading round $23 a share, Dorian LPG’s inventory has edged towards 52-week highs and is benefiting from its sturdy enterprise business as a liquified petroleum fuel transport firm. Dorian LPG is primarily centered on proudly owning and working Very Large Gas Carriers (VLGCs).
Fiscal fourth-quarter earnings are anticipated to soar 232% from the prior-year quarter at $2.06 per share in contrast to EPS of $0.62 in This autumn 2022. Sales are projected to be up 74% yr over yr at $138.96 million.
The Zacks Expected Surprise Prediction (ESP) signifies Dorian LPG ought to attain its This autumn earnings expectations with the Most Accurate Estimate additionally having EPS pegged at $2.06.
Image Source: Zacks Investment Research
Titan Machinery Q1 Preview
With a Zacks Rank #2 (Buy) Titan Machinery is ready to launch its first-quarter earnings on Thursday, May 25 with its Automotive-Retail and Whole Sales Industry within the prime 40% of all Zacks industries.
Titan Machinery inventory trades at $34 a share and nonetheless 28% from its 52-week highs with its outlook and enterprise setting beginning to strengthen. Titan Machinery operates a diversified mixture of agricultural, development, and client merchandise dealerships situated within the midwestern United States.
First-quarter earnings are anticipated to soar 26% YoY at $1.00 per share in contrast to EPS of $0.79 in Titan Machinery’s fiscal Q1 2023. Sales for Q1 are projected to be $585.59 million and up 27% from the prior-year quarter. The Zacks ESP additionally signifies Titan Machinery ought to attain its Q1 earnings expectations.
Image Source: Zacks Investment Research
Earnings Outlook
Based on Zacks estimates, Dorian LPG’s earnings at the moment are forecasted to skyrocket 226% this yr at $4.34 per share in contrast to EPS of $1.33 in 2022. Fiscal 2024 earnings are projected to cool off and decline -20% at $3.47 per share after what could be a really robust yr to observe.
With that being stated, earnings estimate revisions have soared for each FY23 and FY24 during the last two months which is a powerful indication that Dorian LPG might supply better-than-expected steerage throughout its This autumn report.
Image Source: Zacks Investment Research
Looking at Titan Machinery, earnings are projected to soar 8% in its present fiscal 2024 and rise one other 2% in FY25 at $4.98 per share. Notably, fiscal 2025 projections symbolize a really spectacular 295% EPS development during the last 5 years with 2021 earnings at $1.26 per share.
Image Source: Zacks Investment Research
Takeaway
Dorian LPG and Titan Machinery inventory are very intriguing for the time being. Along with the anticipation of sturdy quarterly reviews, it’s fairly doable these firms might supply constructive steerage when their earnings outlook and this might lead to extra upside in shares of LPG and TITN.
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Titan Machinery Inc. (TITN) : Free Stock Analysis Report
Dorian LPG Ltd. (LPG) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
