Tennant (TNC) Reports Earnings Tomorrow: What To Expect
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Tennant Company (TNC) is set to report earnings tomorrow, with expectations of a 2.6% year-on-year revenue decline, contrasting last year's 5.6% increase. The company previously missed revenue and EPS estimates, raising concerns among investors. Peers in the water infrastructure segment, like Watts Water Technologies and Mueller Water Products, have shown positive growth, which may influence Tennant's performance. Currently, Tennant's share price is $83.45, with an average analyst price target of $110. Investors are keen to see if Tennant can reverse its trend of missing estimates.
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