6 Reasons To Add Terex (TEX) Stock To Your Portfolio Now
Zacks Investment Research | Nov 28, 2017 09:15PM ET
Terex Corporation (NYSE:TEX) looks promising at the moment on positive market dynamics and product and backlog strength. We are positive on the company’s prospects and believe this is the right time to add the stock to your portfolio, as it is poised to carry the bullish momentum ahead.
Let’s delve deeper into the factors that make Terex an attractive investment option.
What’s Working in Favor of Terex?
Solid Q3: Terex reported third-quarter 2017 adjusted earnings per share of 50 cents, comfortably beating the Zacks Consensus Estimate of 36 cents by a wide margin of 39%. In addition, earnings jumped a whopping 194% year over year. Revenues also improved 5% year over year in the quarter beating the Zacks Consensus Estimate.
Upbeat Guidance: Terex raised its earnings per share guidance for 2017, reflecting upbeat market dynamics and improved operational expectations for the fourth quarter. Adjusted earnings per share are now projected in the range of $1.20-$1.30. The mid-point of the guidance range reflects 42% year-over-year growth. For 2017, the company remains on track to implement the strategy to focus and simplify the company, and build capabilities in key commercial and operational areas.
Ahead of the Industry: Terex has outperformed the Original post
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