Compared to Estimates, Terex (TEX) Q3 Earnings: A Look at Key Metrics

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Terex (TEX) reported $1.21 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 6.1%. EPS of $1.46 for the same period compares to $1.75 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $1.14 billion, representing a surprise of +6.12%. The company delivered an EPS surprise of +14.96%, with the consensus EPS estimate being $1.27.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Terex performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Net sales- Materials Processing & Mining (MP): $444 million compared to the $446.82 million average estimate based on five analysts. The reported number represents a change of -17.9% year over year.

  • Net sales- Aerial Work Platforms (AWP): $769 million compared to the $690.13 million average estimate based on five analysts. The reported number represents a change of +2.4% year over year.

  • Net sales- Corp and Other / Eliminations: -$1 million versus the three-analyst average estimate of -$1.08 million. The reported number represents a year-over-year change of -50%.

  • Income (loss) from Operations- AWP: $83 million compared to the $70.74 million average estimate based on five analysts.

  • Income (loss) from Operations- Corp and Other / Eliminations: -$17 million versus -$17.88 million estimated by five analysts on average.

  • Income (loss) from Operations- MP: $56 million versus the five-analyst average estimate of $59.75 million.

View all Key Company Metrics for Terex here>>>

Shares of Terex have returned +4.8% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.

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