Lifting and material handling equipment company Terex (NYSE: TEX) will be reporting earnings tomorrow morning. Here’s what to look for.
Terex beat analysts’ revenue expectations by 0.8% last quarter, reporting revenues of $1.24 billion, up 1.5% year on year. It was a slower quarter for the company, with full-year EBITDA guidance missing analysts’ expectations.
Is Terex a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Terex’s revenue to decline 3.6% year on year to $1.25 billion, a reversal from the 4.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.57 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. Terex has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Terex’s peers in the heavy machinery segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Astec delivered year-on-year revenue growth of 6.5%, beating analysts’ expectations by 2.8%, and Caterpillar reported a revenue decline of 9.8%, falling short of estimates by 2.7%. Astec traded up 2.7% following the results.
Read our full analysis of Astec’s results here and Caterpillar’s results here.
The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the heavy machinery stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.7% on average over the last month. Terex is down 12% during the same time and is heading into earnings with an average analyst price target of $42.41 (compared to the current share price of $35.20).
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