TEX

Terex (NYSE:TEX) reported a very strong second quarter with growth across all segments and improved profitability. Management highlighted robust booking trends in Q2, indicating firm order activity despite a broader sector decline. The company’s performance exceeded expectations and compared favorably with many industrial peers facing weaker conditions. Consider broadening your watchlist by looking at other companies exposed to similar robotics and automation themes through 38 robotics and automation stocks. Terex is a US machinery manufacturer with a roughly $7.5b market cap, supplying equipment for materials processing, waste and recycling, mobile elevating work platforms, and electric utility projects. Its broad product mix gives investors exposure to several parts of the industrial equipment cycle tied to this quarter’s performance. See which insiders are buying and selling Terex following this latest news. Terex delivered revenue growth in all segments, better profitability and solid bookings, yet heavy machinery stocks as a group declined after earnings. This points to investors focusing less on recent beats and more on broader concerns such as cyclicality, capital spending plans and how long current demand can hold up. The quarter lines up with the Narrative that Terex is reshaping its business mix through electrification, digital offerings and ESG integration, all aimed at higher margins and more recurring revenue. At the same time, the report does not remove Narrative risks around interest coverage, prior shareholder dilution and exposure to more cyclical construction end markets. If we take a look at the community Narrative for Terex, we can see how this news fits into the bigger investment story. The key proof point is whether bookings and backlog tied to infrastructure, utilities, waste and recycling stay firm into the next couple of quarters. If those more resilient areas soften or if interest coverage does not improve, it would challenge the idea that Terex’s transformation can offset sector headwinds. For the full picture including more risks and rewards, check out the complete Terex analysis. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include TEX. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Caterpillar Inc. CAT delivered a strong second-quarter 2026 performance, with revenues and earnings increasing year over year and beating the Zacks Consensus Estimate. Sales exceeded $20 billion for the first time in the company’s history, while its backlog reached a record $72 billion. The strong results and raised 2026 outlook pushed CAT shares up 6% following the earnings release. In a year, CAT stock has gained 102.9%, outperforming the industry’s 86.3% growth, the Zacks Industrial Products sector’s 22.3% gain and the S&P 500’s 22.8% increase. It has also outperformed peers Komatsu KMTUY, Terex Corporation TEX and Astec Industries ASTE, as shown in the chart below. Image Source: Zacks Investment Research Before addressing how investors should position themselves in CAT stock, let’s take a closer look at the company’s quarterly performance and underlying fundamentals. Caterpillar reported second-quarter 2026 sales and revenues of approximately $20.5 billion, up 24% year over year. The increase was driven primarily by a $3.1 billion improvement in sales volume across segments. Pricing contributed another $595 million, while favorable currency movements and higher Financial Products revenues provided additional support. Sales increased across all three primary operating segments and every geographic region. The order backlog surged 92% year over year to a record $72 billion, highlighting strong demand visibility. Cost of sales rose 18% year over year, reflecting higher manufacturing expenses, including tariff-related costs. SG&A and R&D expenses increased 19% and 12%, respectively. However, adjusted operating margin expanded to 21.9% from 17.4% in the year-ago quarter, as higher volumes and pricing more than offset cost pressures. Operating cash flow was around $5.7 billion, up 94% year over year, while free cash flow more than doubled to $5.1 billion. Caterpillar ended the quarter with cash and equivalents of around $6.7 billion. Caterpillar now expects 2026 sales and revenues to increase in the mid-to-high teens, up from its previous low-double-digit growth forecast. The revised outlook reflects healthy demand across all three primary segments. The company stated that 59% of its $72 billion backlog is expected to be delivered over the next 12 months. The ratio has remained relatively stable over the past three quarters, underscoring continued demand momentum. Adjusted operating margin is projected near the bottom of its target range, excluding tariff recoveries. Caterpillar maintains its adjusted operating margins of 15–19% at revenue levels of around $60 billion. If revenues reach $72 billion, operating margins are expected to be 18–22%, while revenues of $100 billion could support margins in the range of 21–25%. This is shown in the chart below. Image Source: Caterpillar Inc. Full-year Machinery, Power & Energy (MP&E) free cash flow is expected to land in the upper half of the company’s $6-$15 billion target range. Following the upbeat earnings, analysts have raised earnings estimates for CAT for both 2026 and 2027 over the past seven days. Over the course of the past 60 days, the estimate for 2026 has moved up 6.5% while the same for 2027 has moved up 4.7%. Image Source: Zacks Investment Research The Zacks Consensus Estimate for 2026 currently projects earnings growth of 38%, followed by 21.8% growth in 2027. The upward revisions indicate improving confidence in CAT’s earnings trajectory. Image Source: Zacks Investment Research Komatsu reported earnings per share of 67 cents for the quarter ended June 30, 2026, surpassing the Zacks Consensus Estimate of 59 cents. However, earnings declined 3% year over year. Revenues rose 4% to approximately $6.54 billion. Construction, Mining & Utility Equipment sales increased 14.4%, while Industrial Machinery & Others sales rose 21.7%. Terex reported second-quarter EPS of $1.37, topping the Zacks Consensus Estimate of $1.25 but declining 8% year over year. Revenues jumped 51% to $2.24 billion, exceeding the consensus estimate of $2.14 billion. Astec reported adjusted EPS of 94 cents, up 4.4% year over year but 10.5% below the Zacks Consensus Estimate of $1.05. Revenues increased 23.6% to $408.1 million. CAT is currently trading at a forward 12-month P/E of 28.11X, above the industry average of 26.55X. Meanwhile, Komatsu, Terex and Astec are cheaper options, trading at a forward 12-month P/E of 16.89X, 11.95X and 11.78X, respectively. Image Source: Zacks Investment Research Caterpillar is positioned to benefit from several long-term growth drivers, including U.S. infrastructure spending, mining demand tied to the energy transition, automation, data center construction and power generation. To capitalize on rising power-generation and oil-and-gas demand, CAT will restart production of its 10-megawatt gas engine platform, which was discontinued in 2022. It plans to bring about 1.5 gigawatts of capacity back online, with shipments to begin in the fourth quarter. It is also expanding turbine capacity and has repurposed a 250,000-square-foot facility in Wamego, KS. It is currently shipping PGM130 from the facility, a product that is popular for data center power generation.  Caterpillar has agreed to supply PROPWR with up to 2.1 gigawatts of large gas generator sets for data centers, oil and gas and industrial applications over the next five years. This marks the company’s sixth agreement involving at least one gigawatt of equipment for prime-power applications. In the second quarter, the Construction Industries segment delivered first units to Major Projects, a specialized fully CAT dealer-owned rental joint venture focused on supporting customers with multibillion-dollar projects across North America. Major Projects is expected to help expand Caterpillar’s presence in the rental industry. In July, Caterpillar acquired Skycatch, a provider of spatial data capture, processing and analytics solutions for the mining industry. The deal follows its February 2026 acquisition of Australian mining software company RPMGlobal. Integrating Skycatch’s technology with RPM and CAT MineStar is expected to improve mining safety, productivity and operational predictability. Caterpillar is simultaneously investing in services, e-commerce, sustainability, electrification and other digital initiatives. It expects service revenues to increase from $24 billion in 2025 to $30 billion by 2030, providing an additional source of recurring, higher-margin growth. Record quarterly sales, a $72 billion backlog, expanding margins, robust cash flow and higher earnings estimates provide strong visibility into future performance. The company is also benefiting from several structural growth opportunities spanning infrastructure, mining, data centers, power generation and services. Overall, the strong operating momentum and favorable long-term demand outlook outweigh the valuation risk at this stage. The recent upward revisions to earnings estimates further support the bullish case. Caterpillar currently sports a Zacks Rank #1 (Strong Buy), which supports our thesis. You can see the complete list of today’s Zacks #1 Rank stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Caterpillar Inc. (CAT) : Free Stock Analysis Report Astec Industries, Inc. (ASTE) : Free Stock Analysis Report Terex Corporation (TEX) : Free Stock Analysis Report Komatsu Ltd. (KMTUY) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Terex stock has delivered a 41.2% return over the past year, yet current valuation checks suggest the shares may still trade below an estimate of intrinsic value based on a Discounted Cash Flow (DCF) framework and supporting market multiples. For investors, that mix of strong recent performance and indications of undervaluation raises the question of how much upside, if any, is already reflected in the current price. Over the last 12 months, Terex shares are up 41.2%, which puts recent buyers in profit and sets a higher bar for any further value driven gains. The completed REV Group acquisition and growing specialty vehicle exposure can support long term cash flow expectations, while pressure on profit margins and tariffs may limit how much of that flows through to earnings. Across Simply Wall St's broader checks, Terex is assessed as undervalued on 3 of 6 measures. This is a mixed picture rather than a clear bargain or clear overvaluation, with the score of 3 out of 6 reflecting that balance. The issue now is whether Terex's current share price already reflects most of the value implied by the intrinsic value work and earnings multiples, or whether there is still a meaningful gap for long term investors. Terex delivered 41.2% returns over the last year. See how this stacks up to the rest of the Machinery industry. The Discounted Cash Flow (DCF) approach looks at what Terex might generate in free cash over time and compares that to the current share price. For Terex, the model is built on a 2 Stage Free Cash Flow to Equity framework that starts from latest twelve month free cash flow of about $298.5 million and assumes that cash flows continue to grow from this base. On these projections, the DCF model points to an estimated intrinsic value of about $97 per share, which implies Terex screens as undervalued relative to the current market price by roughly 30.3%. The recent completion of the REV Group acquisition, with its added specialty vehicle cash flows, is one factor that contributes to the intrinsic value estimate sitting above the level at which the market is currently pricing the stock. Overall, the cash flow work suggests Terex stock currently looks undervalued compared with its DCF based intrinsic value estimate. Our Discounted Cash Flow (DCF) analysis suggests Terex is undervalued by 30.3%. Track this in your watchlist or portfolio, or discover 52 more high quality undervalued stocks. Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Terex. The P/E ratio is a useful yardstick for Terex because the company is profitable and investors often focus on earnings for capital goods stocks. Terex currently trades on a P/E of about 53.4x, which is well above the Machinery industry average of 28.4x and the broader peer average of 20.7x. On raw comparison alone, that points to investors paying a higher price for each dollar of Terex earnings than for many sector peers. Simply Wall St's tailored fair P/E for Terex is 75.9x. This fair ratio reflects what might be reasonable given factors such as growth expectations, margins, industry positioning, size and risk profile. With the current P/E sitting below that fair level, the shares screen as undervalued on this earnings based lens, even though the absolute multiple looks demanding beside sector benchmarks. On the P/E multiple, Terex stock comes across as undervalued relative to the fair ratio implied by its own fundamentals and risk profile. See what the numbers say about this price — find out in our valuation breakdown. Simply Wall St Narratives for Terex pick up where the valuation work leaves off by spelling out which specific paths for growth, margins and earnings would need to play out for the stock to be worth materially more or less than its current price. Each narrative ties its number to a clear view on how Terex's growth, profitability and risks could evolve. You can revisit these narratives over time as fresh information on the business arrives on the Community page. One of the top community narratives on Terex: 15% undervalued Read one of the top narratives on Terex Do you think there's more to the story for Terex? Head over to our Community to see what others are saying! For Terex, both the Discounted Cash Flow (DCF) work and the earnings multiple view point to the stock still looking undervalued, even after the recent run. The intrinsic value estimate sits meaningfully above the current price, and the tailored fair P/E also implies some upside relative to where the market is pricing the shares. At the same time, the broader valuation checks are mixed rather than overwhelmingly strong, so it makes sense to focus on execution. The key question from here is whether Terex can support its current multiples through sustainable cash generation and margins, rather than one off enthusiasm around recent corporate changes. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include TEX. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Interested in The Manitowoc Company, Inc.? Here are five stocks we like better. Manitowoc delivered a strong second quarter: Sales rose 10% year over year to $595 million, while adjusted EBITDA nearly doubled to $49 million and margins expanded to above 8%. Demand and backlog strengthened significantly: Orders jumped 56% to $709 million, backlog reached $1.05 billion, and July orders exceeded $200 million despite being seasonally slower. The company raised its 2026 outlook for sales, adjusted EBITDA, earnings per share and free cash flow, with tariff refunds contributing to results and strong data-center and semiconductor demand expected to continue. Caterpillar, Terex, Manitowoc Near Buy Points As Building Booms Manitowoc (NYSE:MTW) reported higher second-quarter sales, orders and adjusted EBITDA, citing strong crane demand, improved operating execution and a net benefit from tariff-related items. The company raised its full-year outlook for sales, adjusted EBITDA, earnings per share and free cash flow. Second-quarter net sales increased 10% from a year earlier to $595 million. Adjusted EBITDA nearly doubled to $49 million from $26 million in the prior-year period, while adjusted EBITDA margin expanded 330 basis points to more than 8% of sales. → Sandisk Just Delivered a Blowout Quarter—Here's Why the Stock Is Falling “The Manitowoc team delivered great results in the second quarter,” President and Chief Executive Officer Aaron Ravenscroft said. He said the company’s core financial performance was among its strongest quarterly performances in recent years. Orders totaled $709 million in the second quarter, up 56% from a year earlier, producing a book-to-bill ratio of 1.2. Backlog ended the quarter at $1.05 billion, increasing $110 million sequentially and $321 million from the prior year. The company expects approximately $750 million of backlog to ship during 2026. → 4 Oil and Gas ETF Plays as Prices Stay Sky-High Ravenscroft said crane utilization remained high in North America and dealer inventories had become lean, supporting strong orders from the traditional dealer channel as dealers replenished inventory. Activity in the company’s MGX business was relatively stable, he said. In Europe, Manitowoc described market conditions as mixed. Its mobile crane business generated strong order growth, while tower crane orders declined modestly year over year because of a transition in self-erecting cranes to new EN standards scheduled for January. Ravenscroft said certain models had seen accelerated demand in recent quarters and their production schedules were sold out for the rest of the year. → No Hangover: Revisiting Microsoft One Week After Earnings The company also cited robust demand in South Korea tied to the semiconductor industry, along with continued strength in Vietnam and Australia. Ravenscroft said Manitowoc sees broad regional strength extending into 2027. During the question-and-answer session, Ravenscroft said July orders exceeded $200 million, despite July typically being a slower month for the business. Non-new machine sales, which include aftermarket-related business, increased 6% year over year to $172 million in the quarter. On a trailing 12-month basis, those sales reached a record $706 million. The company continued to pursue its CRANES+50 strategy, which includes expanding service locations, adding aftermarket salespeople and field technicians, increasing sales of lifting accessories and using technology to support operations. Ravenscroft highlighted a three-year, $2.5 million service contract awarded to Manitowoc’s Peru operation at a copper-zinc mine. The company opened the Peru operation in 2023 to pursue service work with mining customers. Manitowoc also opened a rapid-response shop at its Shady Grove campus to speed turnaround on critical aftermarket components and established an East Coast center of excellence for boom refurbishment. The company developed a specialized fixture, known internally as the “Boominator,” designed to improve safety and productivity in disassembling and reassembling booms. Manitowoc plans to replicate the fixture at selected MGX and global service locations. Executive Vice President and Chief Financial Officer Brian Regan said the year-over-year improvement in adjusted EBITDA reflected operational execution and the net impact of tariffs. The company received $26 million in cash tied to IEEPA tariff refunds during the quarter. Of that amount, Manitowoc recognized a $12 million benefit in operating income during the second quarter. The company expects another $4 million of tariff-related benefit in the third quarter. Regan said the remaining amounts relate to expected customer refunds, corrections to previously recognized tariff costs and approximately $1 million of interest income recognized during the quarter. The company said the net year-over-year tariff benefit to profit in the second quarter was $9 million, consisting of the $12 million refund-related benefit offset by $3 million of additional tariff costs. For the full year, the net adjusted EBITDA impact of tariff refunds is expected to be $16 million. Manitowoc generated $8 million of operating cash flow in the quarter and reported free cash flow usage of $6 million, an improvement of $68 million from the prior-year period. Capital expenditures were $14 million, including $9 million for the rental fleet. The company ended the quarter with $96 million in cash and total liquidity of $304 million. Net leverage declined to approximately 2.6 times, below the company’s target of three times. Ravenscroft said the company would opportunistically consider share repurchases and acquisitions while leverage remains below that threshold. Manitowoc raised its 2026 outlook and now expects: Net sales of $2.3 billion to $2.4 billion Adjusted EBITDA of $150 million to $170 million Adjusted diluted earnings per share of $0.80 to $1.20 Free cash flow of $50 million to $70 million Regan said the updated midpoint adjusted EBITDA outlook increased to $160 million from $137.5 million previously, reflecting higher expected revenue, tariff effects and higher anticipated variable compensation. He added that the guidance range accounts for risks related to the conflict in Iran. Ravenscroft said the company has not yet seen a meaningful contribution from oil and gas or mining end markets despite higher commodity prices, but expects demand related to data centers and semiconductor investment to remain strong through 2027. The Manitowoc Company, Inc (NYSE: MTW) is a global manufacturer of heavy-lift cranes and lifting equipment. The company's product portfolio includes tower cranes marketed under the Potain brand, mobile hydraulic cranes sold under the Grove, Manitowoc and National Crane names, and engineered lifting solutions such as mast climbers and platform hoists. Manitowoc serves a wide range of industries, including construction, infrastructure, energy and industrial markets. Headquartered in Milwaukee, Wisconsin, Manitowoc operates manufacturing facilities, sales offices and rental centers across North America, Europe, Asia, Latin America and the Middle East. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Manitowoc Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Astec Industries Inc. ASTE reported adjusted earnings of 94 cents per share for the second quarter of 2026, up 4.4% year over year but missed the Zacks Consensus Estimate of $1.05 by 10.5%. Including one-time items, earnings per share in the quarter were 45 cents compared with 72 cents in the year-ago quarter. Net sales increased 23.6% year over year to $408.1 million and surpassed the Zacks Consensus Estimate of $403 million by 1.2%. The increase was primarily driven by net favorable volume and mix, along with favorable pricing that generated increases in equipment sales of $42.6 million and parts and service revenues of $35 million. Sales from acquired businesses also contributed $48.6 million in net sales. Astec ended the quarter with a backlog of $601 million, reflecting a 58% year-over-year increase led by strong demand for aggregate processing equipment. Materials Solutions backlog surged 150.6% to $312.5 million, while Infrastructure Solutions segment’s backlog increased 12.7% to $288.6 million. Overall implied orders reached roughly $460 million in the quarter, up 6.7% sequentially, while the consolidated book-to-bill ratio was 113%. Astec Industries, Inc. price-consensus-eps-surprise-chart | Astec Industries, Inc. Quote Cost of sales rose 24.5% year over year to $301.3 million. Gross profit increased 20.9% year over year to $106.8 million. Net favorable volume and mix, coupled with favorable pricing and lower warranty program, were partially offset by manufacturing inefficiencies and the impact of inflation on materials, labor and overhead. However, gross margin contracted to 26.2% from 26.7%. Selling, general and administrative expenses increased 27.6% to $85.5 million. The rise reflected amortization of acquired intangibles, higher personnel, technology and support costs, dealer commissions as well as increased costs related to Astec’s strategic transformation program.The company reported operating profit of $20.4 million in the second quarter of 2026 compared with $21.4 million in the second quarter of 2025. Adjusted operating income advanced 31.3% to $35.2 million, while adjusted operating margin expanded 50 basis points to 8.6%. Adjusted EBITDA climbed 26% to $42.6 million, with the corresponding margin improving 20 basis points to 10.4%. Interest expense soared 238% year over year to $7.1 million primarily due to higher average outstanding borrowings along with increased interest rates on the 2025 Credit Facility compared with Astec’s previous credit facility. Materials Solutions net sales gained 43% year over year to $179.8 million, reflecting stronger dealer and customer demand for aggregate crushing, screening and conveying equipment. Segment operating adjusted EBITDA rose 54.5% to $22.1 million. The segment's operating adjusted EBITDA margin expanded 90 basis points to 12.3%. Implied orders for the segment increased 45.3% sequentially to $255.7 million, leading to a book-to-bill ratio of 142.2%. Materials Solutions backlog soared 150.6% year over year to $312.5 million at the second-quarter end. The Infrastructure Solutions segment generated sales of $228.3 million, up 11.6% year over year. Growth was supported by sustained demand in concrete, mobile paving and forestry equipment, and inorganic contributions. Segment operating adjusted EBITDA increased 2.2% to $32.9 million. The segment margin contracted 130 basis points to 14.4%. Implied orders fell 20% sequentially to $204.3 million, and the book-to-bill ratio stood at 89.5%. Astec attributed the weakness primarily to conservatism among certain asphalt plant customers. Infrastructure backlog still increased 12.7% to $288.6 million. Parts and service sales increased 34.8% year over year to $135.5 million. These revenues represented 33.2% of second-quarter net sales and 35% of sales for the first half of 2026. For the first six months of 2026, operating cash flow increased to $52.8 million from $33.4 million, while free cash flow rose to $37.3 million from $25.6 million.  For the first half of fiscal 2026, capital expenditures increased to $15.5 million from $7.8 million in the prior-year period. Total liquidity was $265.8 million, comprising $75.7 million of cash available for operating purposes and $190.1 million of revolver availability. Net debt to trailing 12-month adjusted EBITDA was about 2.2x, remaining within management’s stated 1.5-2.5x target range. Astec lowered its full-year 2026 adjusted EBITDA guidance to $160-$175 million from its previous projection of $170-$190 million. Management cited macro-driven factors affecting the timing of asphalt plant shipments within Infrastructure Solutions. The company nevertheless described the overall Infrastructure Solutions market as healthy, with solid concrete-equipment demand and improvement in forestry and mobile paving. In Materials Solutions, management expects federal, state and local infrastructure projects, along with data-center construction, to support multi-year demand for aggregate equipment. Over the past six months, Astec stock declined 23.3% against the industry’s 12% growth. Image Source: Zacks Investment Research Astec carries a Zacks Rank #5 (Strong Sell) at present. Caterpillar Inc. CAT reported adjusted earnings of $8.17 per share for the second quarter of 2026, up 73% year over year. The figure surpassed the Zacks Consensus Estimate of $6.25 by 30.72%. Higher sales volume and favorable price realization supported the performance.Including one-time items, Caterpillar’s earnings per share were $7.77 compared with $4.62 in the year-ago quarter. Sales and revenues increased 24% to $20.5 billion and topped the consensus estimate of $19.3 billion by 6.37%. The quarter marked Caterpillar’s first-ever revenue total above $20 billion. Caterpillar currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Komatsu KMTUY reported earnings per share of 67 cents for the quarter ended June 30, 2026, surpassing the Zacks Consensus Estimate of 59 cents. Earnings, however, declined 3% year over year. Komatsu’s revenues came in at around $6.54 billion, marking a 4% rise on a year-over-year basis. Its Construction, Mining & Utility Equipment sales increased 14.4% in the quarter, while Industrial Machinery & Others sales rose 21.7%. Komatsu currently carries a Zacks Rank #2 (Buy). Terex Corporation TEX reported second quarter 2026 earnings per share of $1.37, beating the Zacks Consensus Estimate of $1.25. The figure marked an 8% decline from the year-ago quarter. Terex’s revenues increased 51% year over year to $2.24 billion, which surpassed the Zacks Consensus Estimate of $2.14 billion. Terex currently carries a Zacks Rank #3 (Hold). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Astec Industries, Inc. (ASTE) : Free Stock Analysis Report Caterpillar Inc. (CAT) : Free Stock Analysis Report Terex Corporation (TEX) : Free Stock Analysis Report Komatsu Ltd. (KMTUY) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Shares of Astec Industries, Inc. ASTE have fallen 10.4% in the past week, sharpening attention on whether the pullback is a short-term reset or a sign of more persistent earnings pressure. The company still has support from infrastructure demand, a larger backlog and expanding aftermarket sales. Near-term execution risks, however, have increased after an earnings miss, lower adjusted EBITDA guidance and weaker estimate trends. Image Source: Zacks Investment Research On Aug. 5, Astec reported second-quarter adjusted earnings of 94 cents per share, missing the $1.05 consensus mark by 10.5%, although sales of $408.1 million topped the consensus estimate by 1.2%. Management lowered full-year 2026 adjusted EBITDA guidance to $160-$175 million from $170-$190 million. Astec Industries, Inc. price-consensus-eps-surprise-chart | Astec Industries, Inc. Quote The Zacks Consensus Estimate for 2026 earnings has moved lower following the earnings announcement, as shown in the chart below. Image Source: Zacks Investment Research The estimate revisions, earnings miss and reduced profit outlook may help explain the weaker sentiment around ASTE without establishing any single factor as the cause of the stock decline. Infrastructure Solutions implied orders fell 20% sequentially to $204.3 million in the second quarter, leaving the segment with a book-to-bill ratio of 89.5%. Backlog slipped to $288.6 million from $312.6 million at March 31, although it remained 12.7% above the prior-year level. Management said some asphalt plant customers became more conservative because of higher bitumen and diesel prices and uncertainty around federal highway reauthorization. If that caution persists, shipment timing and revenue conversion could remain uneven even as the broader infrastructure market stays supportive. Infrastructure Solutions adjusted EBITDA rose 2.2% year over year to $32.9 million in the second quarter, but margin contracted 130 basis points to 14.4%. The result shows that higher segment profit dollars did not prevent margin pressure. The first-half trend was more demanding. Segment sales increased 5.6%, while adjusted EBITDA fell 9.9% and margin declined 250 basis points to 14.5%. Product mix and shipment timing can therefore limit the earnings benefit from higher revenues, adding sensitivity to Astec's near-term profit outlook.Given these headwinds, the Zacks Consensus Estimate for 2026 earnings suggests year-over-year growth of 0.9%. However, the same for 2027 suggests an improvement of 14.3%. Image Source: Zacks Investment Research Astec ended the second quarter with consolidated backlog of $601 million, up 58% year over year. Materials Solutions backlog climbed 150.6% to $312.5 million, supported by demand for aggregate processing equipment. Parts and service sales increased 34.8% to $135.5 million and represented 33.2% of quarterly sales. That recurring-revenue base can help moderate equipment-cycle volatility. Caterpillar Inc. CAT operates businesses spanning construction and resource industries, while Terex Corporation TEX has a Materials Processing portfolio serving aggregates, environmental, concrete and handling markets. The current setup remains mixed. Backlog growth and aftermarket expansion provide support, but lower earnings expectations, order timing risk and margin sensitivity keep near-term execution concerns in focus.ASTE currently carries a Zacks Rank #5 (Strong Sell), reflecting unfavorable earnings-estimate revision trends over the one- to three-month horizon. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.The stock has a VGM Score of A, Value Score of B, Growth Score of A and Momentum Score of A. Those favorable Style Scores indicate attractive characteristics across value, growth and momentum measures, but the Style Scores are designed to complement the Zacks Rank rather than replace it. With the Rank currently at #5, the near-term earnings signal remains the more cautionary indicator despite ASTE's strong style profile. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Astec Industries, Inc. (ASTE) : Free Stock Analysis Report Caterpillar Inc. (CAT) : Free Stock Analysis Report Terex Corporation (TEX) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Caterpillar Inc. CAT reported adjusted earnings of $8.17 per share for the second quarter of 2026, up 73% year over year. The figure surpassed the Zacks Consensus Estimate of $6.25 by 30.72%. Higher sales volume and favorable price realization supported the performance.Including one-time items, Caterpillar’s earnings per share were $7.77 compared with $4.62 in the year-ago quarter. Sales and revenues increased 24% to $20.5 billion and topped the consensus estimate of $19.3 billion by 6.37%. The quarter marked Caterpillar’s first-ever revenue total above $20 billion. The $3.974 billion year-over-year revenue increase primarily reflected $3.113 billion of higher sales volume and $595 million of favorable price realization. Currency movements added $199 million, while Financial Products revenues contributed another $67 million. Our model had projected volume growth of $1.75 billion, a favorable price impact of around $279 million and a positive currency impact of $111 million. Higher sales of equipment to end users drove the volume increase. Sales rose across all three primary operating segments and every geographic region, indicating broad demand rather than reliance on a single business or market. Caterpillar’s order backlog surged 92% year over year to a record $72 billion. Cost of goods sold rose 18% to $12.781 billion. Gross profit was up 34.7% to $7.76 billion from the prior-year quarter. The gross margin expanded 300 basis points to 37.8% from the year-ago quarter. Selling, general and administrative expenses increased 19% to $2.018 billion, while research and development expenses advanced 12% to $616 million. Operating profit increased 50% year over year to $4.295 billion. The operating profit margin expanded to 20.9% from 17.3%, as the profit contribution from higher volume and pricing more than offset increased operating expenses. Adjusted operating profit climbed 54% to $4.497 billion, while the adjusted operating margin improved to 21.9% from 17.6%. The quarter included $392 million of expected International Emergency Economic Power Act (IEEPA) tariff recoveries. Total Machinery, Power & Energy (MP&E) sales rose 24.9% year over year to around $19.6 billion. Operating profit was around $4.2 billion, up 51% year over year. Our model’s projection for sales and operating profit was $17.8 billion and $3.4 billion, respectively. Construction Industries delivered the strongest segment sales growth. Revenues increased 35% to $8.346 billion, driven by $1.75 billion of higher volume and $309 million of favorable price realization. The segment’s total sales came in higher than our estimate of $7.24 billion. Segment profit advanced 57% to $1.947 billion, due to the higher sales volume. Margin widened to 23.3% from 20.1% in the prior-year quarter. Our projection for the segment’s operating profit was $1.62 billion. Resource Industries sales rose 20% to $4.65 billion, mainly reflecting higher equipment sales to end users, higher than our projection of $3.97 billion.  Segment profit increased 23% to $693 million. Margin edged up to 14.9% from 14.5%, as higher volume offset $158 million of unfavorable manufacturing costs. Our estimate for the segment’s operating profit was $692 million. Power & Energy sales increased 17% year over year to $8.238 billion. The improvement reflected $736 million of higher volume, $212 million of favorable pricing and a $200 million increase in intersegment sales. Our estimate was $6.67 billion. The segment reported sales growth in Power Generation (29%), followed by 9% growth in Industrial and Oil and Gas sectors. Segment profit rose 30% to $2.027 billion, higher than our estimate of $1.83 billion. Segment margin expanded 250 basis points to 24.6%. Volume and pricing benefits outweighed $149 million of unfavorable manufacturing costs, mainly related to higher period manufacturing expenses. Financial Products revenues advanced 10% to $1.145 billion on higher average earning assets. Segment profit increased 32% to $328 million, aided by earning-asset growth and improved Insurance Services results, partly offset by a higher provision for credit losses. Our model had projected revenues of $1.06 billion and an operating profit of $342 million for the second quarter of 2026. Machinery, Power & Energy operating cash flow reached $5.7 billion, up 94% year over year. Free cash flow more than doubled to $5.1 billion. CAT returned $2.2 billion to shareholders through $1.5 billion of share repurchases and $700 million of dividends. Caterpillar ended the quarter with $6.713 billion in cash and equivalents Looking to third-quarter 2026, management expects strong growth in sales and revenues compared with the year-ago period. Tariff costs are expected to be in line with the year-ago quarter. CAT anticipates the adjusted operating margin to be higher year over year in the third quarter. For context, the adjusted operating margin was 17.5% in the third quarter of 2025. For 2026, management expects sales and revenues to grow in the mid-to-high teens. Adjusted operating margin is projected near the bottom of its target range, excluding tariff recoveries. MP&E free cash flow is expected in the top half of the company’s target range. The company forecasts tariff costs of around $2.2 billion, excluding tariff recoveries. The company maintain its adjusted operating margin outlook of 15–19% at revenue levels of around $60 billion. If revenues reach $72 billion, operating margins are expected to be 18–22%, while revenues of $100 billion could support margins in the range of 21–25%. This is shown in the chart below. Image Source: Caterpillar Inc. Over the past year, Caterpillar stock has gained 91.4% compared with the industry’s 76% growth. Image Source: Zacks Investment Research Caterpillar carries a Zacks Rank #3 (Hold) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Komatsu KMTUY reported earnings per share of 67 cents for the quarter ended June 30, 2026, surpassing the Zacks Consensus Estimate of 59 cents. Earnings declined 3% year over year. Komatsu’s revenues came in at around $6.54 billion, marking a 4% rise on a year-over-year basis. Komatsu’s Construction, Mining & Utility Equipment sales increased 14.4% in the quarter, while Industrial Machinery & Others sales rose 21.7%. Terex Corporation TEX reported second quarter 2026 earnings per share of $1.37, beating the Zacks Consensus Estimate of $1.25. The figure marked an 8% decline from the year-ago quarter. Terex’s revenues increased 51% year over year to $2.24 billion, which surpassed the Zacks Consensus Estimate of $2.14 billion. Astec Industries ASTE is expected to release its second-quarter 2026 results tomorrow. The Zacks Consensus Estimate for Astec’s earnings is pegged at $1.05 per share, indicating a 19.3% improvement from the year-ago quarter. The consensus estimate for Astec’s top line is pegged at $402.5 million, indicating a 21.9% rise from the prior year’s actual.  Astec has a trailing four-quarter average surprise of 3.01%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Caterpillar Inc. (CAT) : Free Stock Analysis Report Astec Industries, Inc. (ASTE) : Free Stock Analysis Report Terex Corporation (TEX) : Free Stock Analysis Report Komatsu Ltd. (KMTUY) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in Terex Corporation? Here are five stocks we like better. Terex raised its 2026 outlook after reporting $2.24 billion in second-quarter revenue, an 8.5% pro forma sales increase, and a 10.7% rise in adjusted EBITDA to $269 million. The company now expects $7.9 billion–$8.2 billion in sales, $960 million–$1 billion in adjusted EBITDA, and adjusted EPS of $4.70–$5.10. Demand indicators strengthened, with pro forma bookings up 25% to $2 billion and backlog reaching $6.9 billion. Materials Processing and Specialty Vehicles posted improved margins, while Aerials benefited from stronger infrastructure-related demand despite tariff pressure. Terex generated $101 million in free cash flow and reduced net leverage to 2.3 times adjusted EBITDA. Management also said REV Group integration is on track, while the company continues reviewing strategic alternatives for its Aerials segment. 4 Catalysts Poised to Push Caterpillar Stock to Record Highs Terex (NYSE:TEX) reported second-quarter revenue of $2.24 billion and raised its full-year outlook, citing growth across all four segments, stronger bookings, backlog coverage and progress integrating REV Group. On a pro forma basis, excluding the sale of its Cranes and Midwest businesses, second-quarter sales increased 8.5% year over year. Adjusted EBITDA rose 10.7% to $269 million, while adjusted EBITDA margin reached 12.0%, compared with 11.8% on a pro forma basis in the prior-year period. Adjusted earnings per share were $1.37, including an $8 million net benefit from IEEPA tariff refunds and a one-time unfavorable customs-related accrual. → Why SK hynix Could Be the Best AI Chip Stock to Buy Now Generac Powers Ahead on the Electrification Mega-Trend President and Chief Executive Officer Simon Meester said the company’s results reflected higher revenue, better earnings conversion and execution against strategic priorities. Consolidated bookings increased 25% year over year on a pro forma basis to $2 billion, and Terex ended the quarter with $6.9 billion of backlog. Meester said the company is seeing a positive and improving demand environment in many of its verticals. He pointed to U.S. non-residential construction starts, which rose 18% year to date to $368 billion, driven by data centers, energy investments and civil infrastructure projects. Mega-project starts totaled approximately $80 billion through May, according to the company. → Microsoft Just Flipped the AI Spending Narrative Overnight Rate cuts could send MasTec stock earnings through the roof Terex said higher equipment utilization, increased customer capital spending and favorable channel-partner sentiment are supporting demand. The company also cited municipal replacement activity for fire apparatus, ambulances and refuse collection vehicles. During the quarter, the City of Chicago approved purchases of 80 fire trucks and 40 ambulances, Terex said. Meester said the company’s acquisition of Environmental Solutions Group and merger with REV Group, completed over the past two years, are both tracking ahead of their respective business cases to date. The REV integration is progressing as planned, he said, with synergy realization proceeding as expected. → Carrier Earnings Could Send the Stock to a New All-Time High In Specialty Vehicles, Terex is expanding its ladder-truck plant in Ocala, Florida, and nearing completion of an expansion in Brandon, South Dakota. The Brandon project is intended to increase capacity for the S-180 semi-custom pumper and reduce lead times, with first deliveries expected in the fourth quarter. Meester said the company expects the new capacity additions to reach normal run rates in 2027. The company continues to pursue a strategic review of its Aerials segment. Meester said Terex has interest from multiple parties and is working toward an outcome intended to maximize shareholder value, but he did not provide a timetable or further details. Environmental Solutions: Sales increased 5.9% to $456 million, as growth in Terex Utilities more than offset temporary softness in refuse collection vehicles at ESG. Adjusted EBITDA margin declined 250 basis points to 17.5%, reflecting unfavorable mix, production ramp-up inefficiencies and lower absorption at ESG. ESG bookings increased year over year for the first time since the first quarter of 2025, though Terex no longer expects a material second-half pre-buy of refuse collection vehicles ahead of 2027 emissions regulations. Materials Processing: Sales rose 11.1% to $464 million, driven particularly by U.S. mobile-crusher demand tied to infrastructure, data centers and industrial projects. Adjusted EBITDA margin expanded 440 basis points to 18.8%, aided by product mix and price-cost discipline. The company said one-time benefits contributed about 180 basis points to the quarterly margin. Segment bookings rose 18%, and backlog increased 63% year over year to $599 million. Specialty Vehicles: Sales rose 6.2% to $650 million as throughput improved in fire equipment. Adjusted EBITDA margin increased 210 basis points to 14.5%, supported by favorable mix, operational efficiencies and price realization, partly offset by inflation. Bookings increased 9%, while backlog declined as the company increased production. Meester said Terex intends to reduce fire-equipment lead times toward about one year over roughly the next two years. Aerials: Sales increased 10.9% to $673 million, supported by national-account demand tied to large infrastructure and non-residential projects. Adjusted EBITDA margin was 5.7%, down 340 basis points from the prior year because of higher tariff effects. However, margin improved 560 basis points sequentially as volume increased and price-cost dynamics improved. Chief Financial Officer Jennifer Kong-Picarello said that excluding an unfavorable customer accrual, Aerials would have generated an 8.3% adjusted EBITDA margin in the quarter. Meester said bookings from independent aerial-equipment customers continued to improve sequentially, although national accounts grew faster during the first half. He said the company views the U.S. market as more resilient than Europe, where it has seen some softening. In Materials Processing, Terex said Australia and India remain strong, supported by mining and infrastructure investment, respectively, while European demand remains positive but has softened. Terex generated $128 million of operating cash flow and $101 million of free cash flow in the quarter. Net working capital declined to 15.2% of sales from 16.7% in the first quarter and 22.8% a year earlier. Net debt ended the quarter at $2.28 billion, including $407 million of cash, while net leverage improved to 2.3 times trailing-12-month adjusted EBITDA. The company returned $20 million to shareholders through dividends. For 2026, Terex raised its sales outlook to a range of $7.9 billion to $8.2 billion and its adjusted EBITDA outlook to $960 million to $1 billion. The company now expects adjusted EPS of $4.70 to $5.10 and free cash flow of $300 million to $350 million. Kong-Picarello said the higher revenue outlook is primarily driven by stronger-than-expected Aerials growth and improved Materials Processing performance. She said the modest increase in EBITDA relative to the sales increase reflects mix, as Aerials carries lower margins than the company’s other segments. Terex expects approximately $28 million of merger-related synergies in its 2026 EBITDA outlook. Terex Corporation is a global manufacturer of lifting and material-handling plant and equipment, serving a range of industries that includes construction, infrastructure, energy, manufacturing and shipping logistics. Its product portfolio encompasses aerial work platforms, rough terrain and tower cranes, port and cargo handling equipment, material processing machinery and utility products. These offerings are marketed under well-known brands such as Genie®, Terex® AWP, Terex® Cranes, Demag®, and Powerscreen®, and are designed to meet diverse application requirements from building sites to industrial facilities and ports. Headquartered in Westport, Connecticut, Terex traces its roots back to 1933 and has grown through strategic acquisitions and organic expansion. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Terex Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Caterpillar Inc. CAT is expected to deliver year-over-year improvement in both earnings and revenues when it reports second-quarter 2026 results on August 4, before the opening bell. The Zacks Consensus Estimate for CAT’s second-quarter 2026 earnings has moved up 0.97% over the past 60 days to $6.25 per share, which implies 32% growth from the year-ago actual. The consensus estimate for Caterpillar’s revenues is pegged at $19.31 billion for the quarter, indicating 16.6% year-over-year growth. Image Source: Zacks Investment Research CAT’s earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters while missing once, the average surprise being 9.62%. This is depicted in the following chart. Image Source: Zacks Investment Research Our proven model predicts an earnings beat for Caterpillar this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is the case here, as you can see below. You can uncover the best stocks before they are reported with our Earnings ESP Filter. Earnings ESP: Caterpillar has an Earnings ESP of +4.96%. Zacks Rank: CAT currently carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here. The broader manufacturing environment remained supportive during the quarter, as reflected in the Institute for Supply Management reporting readings above 50 (denoting expansion). The index was 52.7% in April, 54% in May and 53.3% in June. The New Orders Index also remained above 50 throughout this period. This is likely to have reflected in Caterpillar’s order volumes. CAT’s record backlog of $63 billion at the beginning of the quarter, along with ongoing strength in aftermarket parts and service-related revenues, is likely to have supported its top line.  Volume gains across all segments are projected to have been the primary driver. Overall, we expect volumes contributing 11% to revenue growth, supplemented by 1.8% from pricing and a 0.7% favorable currency impact. However, tariffs, estimated to be around $700 million, are likely to have driven a 13% increase in the cost of sales. We anticipate a 4.4% increase in selling, general and administrative expenses and a 6.6% rise in research and development costs. However, the growth in revenues is expected to have offset by higher costs and our model projects a 22.5% year-over-year increase in adjusted operating income to $3.57 billion. We expect the operating margin to be 19.1% for the first quarter of 2026, implying an improvement from 17.6% reported in the second quarter of 2025. Our model projects the Resource Industries segment's external sales at $3.97 billion for the quarter, indicating a 4.8% year-over-year rise. We expect a 3% rise in volume for the segment, a pricing impact of 1.3% and a positive 0.5% impact from currency translation. The segment is expected to report an operating profit of $692 million, suggesting 23% year-over-year growth. The segment’s operating margin is projected to be 17.4%, higher than the 14.9% reported in second-quarter 2025. The Construction Industries segment’s external sales are projected at $7.24 billion, indicating growth of 18% from the year-ago quarter’s actual. We expect a 14.8% improvement in volumes, a 2.7% impact of pricing and a 0.7% gain from currency translation. The segment’s operating profit is projected to be $1.62 billion, indicating year-over-year growth of 30.5%. We project the segment’s margins at 22.4%, higher than the year-ago quarter’s 20.3%. For the Power & Energy segment, we expect external sales to be $6.67 billion, suggesting a 15.1% rise from the year-ago quarter’s actual. Volume growth is projected to be 13.3% on improved demand across all sectors: Power Generation, Oil and Gas and Industrial. Pricing is expected to contribute 1.1% to the segment’s sales growth, while currency is expected to have had a positive 0.5% impact. Our estimate for the segment’s operating profit is $1.83 billion for the second quarter of 2026, suggesting a 17.5% increase year over year. Segment margin is projected at 27.4%, higher than the 26.8% reported in the second quarter of 2025. CAT has gained 96.7% in the past year compared with its industry’s 73.6% growth. It has also outperformed the broader Zacks Industrial Products sector’s 17.4% growth and the S&P 500’s climb of 21.6%. CAT stock has outpaced other players in the industry, like Astec Industries ASTE, Komatsu KMTUY and Terex TEX. In the past year, Astec, Komatsu and Terex have gained 41.3%, 38.2% and 27.6%, respectively. Image Source: Zacks Investment Research Caterpillar is currently trading at a forward 12-month P/E of 28.39X, a premium compared with the industry’s 26.61X. Image Source: Zacks Investment Research The stock is also not cheap when compared with Terex, Astec and Komatsu, all of which are trading at 11.53X, 13.25X and 16.79X, respectively. Notably, Terex, Astec and Komatsu are trading below the industry’s average. Caterpillar’s long-term outlook remains compelling. The company is well-positioned to benefit from global infrastructure spending, urbanization trends and the ongoing transition toward cleaner energy systems. Its strong brand and market presence, and diversified business model position it for improved performance going forward. Expanding its service revenues, which generate higher margins, provides a solid foundation for sustained growth. Additionally, Caterpillar’s robust balance sheet supports continued investment in innovation, alongside shareholder returns through dividends and buybacks. While tariffs are expected to have raised costs, volume growth, as well as CAT’s pricing and cost-cutting efforts, can help counter the impacts. CAT's performance has always been closely watched by investors, as it serves as a key economic barometer for the sector. Caterpillar’s second-quarter revenues are expected to reflect the improvement in volumes in its segments. Earnings are expected to have increased owing to higher revenues and cost-control efforts despite higher costs owing to tariffs. No matter how the upcoming quarterly results play out, investors who already own CAT should retain its shares in their portfolios to benefit from its solid long-term fundamentals. However, given its premium valuation, new investors can wait for a better entry point. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Caterpillar Inc. (CAT) : Free Stock Analysis Report Astec Industries, Inc. (ASTE) : Free Stock Analysis Report Terex Corporation (TEX) : Free Stock Analysis Report Komatsu Ltd. (KMTUY) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. Terex (TEX) has come into focus after reporting second quarter 2026 results, with sales of US$2,238 million and net income of US$110 million, along with detailed earnings per share figures. See our latest analysis for Terex. Despite the Q2 2026 earnings headlines, Terex’s share price has eased recently, with a 1-day share price return of 5.96% lower and a 30-day share price return of 12.25% lower. However, the year-to-date share price return is 17.32% and the 1-year total shareholder return is 31.31%, which points to momentum that has cooled in the short term but remains positive over a longer window. If Terex’s latest move has you thinking about other industrial opportunities tied to large projects and infrastructure, this is a good moment to scan 34 power grid technology and infrastructure stocks Terex appears to be a solid industrial platform with broad exposure to construction, infrastructure and recycling. After the recent share price pullback, the key question is whether the current valuation still reflects that business strength. Terex’s most followed narrative points to a fair value of $79.46 compared with the last close at $64.56, which frames the current debate around the stock squarely on valuation rather than just the latest quarter. Read the complete narrative. Want to see what happens when higher recurring revenue, margin expansion targets, and a reset earnings base all feed into one valuation model? The fair value hinges on a detailed path for revenue mix, profitability and the multiple investors might be willing to pay if that playbook holds. Result: Fair Value of $79.46 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, Terex still faces important risks, including potential pressure from high interest rates on customer equipment spending and tariff related cost inflation that could squeeze margins. Find out about the key risks to this Terex narrative. The fair value estimate of $79.46 for Terex leans heavily on future earnings and margin improvements. Yet today the stock trades on a P/E of 68.9x, compared with 28.5x for the US Machinery industry and a fair ratio of 46.2x, which implies a much richer current pricing. That kind of gap can mean either a cushion if profits catch up or a risk if expectations cool. Which side do you think the market is pricing in? For a closer look at how today’s pricing compares with earnings across peers, see what the numbers say in our valuation breakdown: See what the numbers say about this price — find out in our valuation breakdown. The mixed tone around Terex reflects both genuine concerns and clear positives, so it makes sense to check the underlying data yourself and move quickly to form your own view using the 3 key rewards and 4 important warning signs. If Terex has sharpened your focus on industrials and valuation, this is a great time to widen your watchlist with a few targeted stock ideas. Spot potential value opportunities early by scanning companies highlighted in the screener containing 21 high quality undiscovered gems. Strengthen your core holdings by reviewing stocks featured in the solid balance sheet and fundamentals stocks screener (48 results). Add a steadier income angle by checking companies included in the 9 dividend fortresses. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include TEX. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

For the quarter ended June 2026, Terex (TEX) reported revenue of $2.24 billion, up 50.5% over the same period last year. EPS came in at $1.37, compared to $1.49 in the year-ago quarter. The reported revenue represents a surprise of +4.74% over the Zacks Consensus Estimate of $2.14 billion. With the consensus EPS estimate being $1.25, the EPS surprise was +9.6%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Terex performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net sales- ES: $456 million versus the four-analyst average estimate of $436.73 million. The reported number represents a year-over-year change of +6.1%. Net sales- Materials Processing & Mining (MP): $464 million versus the four-analyst average estimate of $452.59 million. The reported number represents a year-over-year change of +2.2%. Net sales- Aerials: $673 million compared to the $582.77 million average estimate based on four analysts. The reported number represents a change of +10.9% year over year. Net sales- SV: $650 million versus the three-analyst average estimate of $654.52 million. Adjusted Operating Profit- Aerials: $32 million versus $35.35 million estimated by three analysts on average. Adjusted Operating Profit- ES: $75 million versus the three-analyst average estimate of $72.88 million. Adjusted Operating Profit- MP: $82 million versus the three-analyst average estimate of $66.57 million. Adjusted Operating Profit- SV: $88 million versus $85.47 million estimated by three analysts on average. Income (loss) from Operations- ES: $55 million compared to the $64.75 million average estimate based on two analysts. Income (loss) from Operations- MP: $82 million compared to the $70.05 million average estimate based on two analysts. Income (loss) from Operations- Aerials: $25 million versus the two-analyst average estimate of $31.47 million. View all Key Company Metrics for Terex here>>> Shares of Terex have returned -6% over the past month versus the Zacks S&P 500 composite's -1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Terex Corporation (TEX) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research