Terex (TEX) reported earnings 30 days ago. What's next for the stock?
TEX expects sales to be between $5.0 billion and $5.2 billion for 2024, which include contribution from its recent ESG acquisition.
Evaluate Terex's (TEX) reliance on international revenue to better understand the company's financial stability, growth prospects and potential stock price performance.
While the top- and bottom-line numbers for Terex (TEX) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Terex Corporation (NYSE:TEX ) Q3 2024 Earnings Conference Call October 30, 2024 8:30 AM ET Company Participants Derek Everitt - VP, IR Simon Meester - President & CEO Julie Beck - SVP & CFO Conference Call Participants Clay Nelson - Goldman Sachs Brendan Shea - Morgan Stanley Steve Barger - KeyBanc Capital Markets Operator Greetings, and welcome to the Terex Third Quarter 2024 Results Conference Call. At this time, all participants are in a listen-only mode.
Terex (TEX) came out with quarterly earnings of $1.46 per share, beating the Zacks Consensus Estimate of $1.27 per share. This compares to earnings of $1.75 per share a year ago.
Terex (TEX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
TEX acquires Dover's Environmental Solutions Group, enhancing its presence in the waste & recycling segment.
Terex's acquisition of ESG for USD 2 billion increases financial risk due to new debt, reducing intrinsic value from USD 92 to USD 84 per share. Despite the acquisition not being value accretive, TEX still offers a 30% margin of safety at the current market price. Terex remains a strong company with the acquisition. The market has overreacted to the acquisition's impact, presenting a buying opportunity for new investors and a hold for existing shareholders.
TEX lowers its 2024 guidance, with the midpoint of the new range indicating a sales and earnings per share decline of 4% and 15%, respectively, year over year.
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TEX moves closer to acquiring Dover's Environmental Solutions Group with the expiration of the 30-day waiting period under the HSR Act.