Stock Story -
What Happened:Shares of lifting and material handling equipment company Terex (NYSE:TEX) fell 7.7% in the morning session after the company reported second-quarter earnings results. Its revenue unfortunately missed, and its full-year revenue guidance fell slightly short of Wall Street's estimates. On the other hand, Terex beat analysts' full-year EPS guidance expectations. Its EPS also outperformed Wall Street's estimates. Overall, this was a mixed but weaker quarter for Terex.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Terex? Find out by reading the original article on StockStory, it's free.
What is the market telling us:Terex's shares are quite volatile and over the last year have had 11 moves greater than 5%. In context of that, today's move is indicating the market considers this news meaningful but not something that would fundamentally change its perception of the business.
Terex is up 9.4% since the beginning of the year, and at $63.24 per share it is trading close to its 52-week high of $66.76 from July 2024. Investors who bought $1,000 worth of Terex's shares 5 years ago would now be looking at an investment worth $2,080.