TennantNYSE: TNC

Tennant (TNC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

MINNEAPOLIS--(BUSINESS WIRE)--Tennant Company (NYSE: TNC),, a world leader in designing, manufacturing, and marketing solutions to reinvent how the world cleans, has released its annual Sustainability Report. The report, detailing achievements for the 2023 fiscal year, also marks the first year of reporting on the company's Thriving People. Healthy Planet. sustainability framework. “Our Thriving People. Healthy Planet. framework is rooted in our daily activity to integrate sustainability into e.

After losing some value lately, a hammer chart pattern has been formed for Tennant (TNC), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

Tennant (TNC) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Tennant (TNC) reported quarterly earnings of $1.81 per share, exceeding the Zacks Consensus Estimate of $1.45 per share. This is an improvement from earnings of $1.45 per share in the same quarter last year.

Tennant Company (NYSE:TNC ) Q3 2023 Earnings Conference Call October 31, 2023 11:00 AM ET Company Participants Lorenzo Bassi - Vice President, Finance and Investor Relations Dave Huml - President and Chief Executive Officer Fay West - Senior Vice President and Chief Financial Officer Conference Call Participants Chris Moore - CJS Steve Ferazani - Sidoti Tim Moore - EF Hutton Operator Good morning. My name is Krista, and I'll be your conference operator today.