Earnings Preview: Terex Corp.

| About: Terex Corporation (TEX)

Terex Corp. (NYSE:TEX) is expected to report Q3 earnings on Wednesday, October 21 after the market close with a conference call scheduled for Thursday, October 22 at 8:30 am ET.


Analysts are looking for EPS of (34c) on revenue of $1.32B. The consensus range is (54c)-(14c) for EPS, and $1.1B-$2.23B for revenue, according to First Call. Terex reported disappointing results in Q2, missing on both EPS and revenue. But since the company last reported in July its shares have soared over 74% to $23.77 from $13.66.

Analyst Views

The company has benefited from the economic recovery and was upgraded at Credit Suisse and Barclays. Terex was raised to Outperform from Neutral at Credit Suisse in late September. The firm noted that although the machinery group has rallied, it believes more positive earnings revisions lie ahead ,and notes that the group is coming off a very low base. Barclays upgraded Terex to Overweight from Equal Weight, and expects the company to benefit from an end market and margin recovery.