Strength Seen in Terex (TEX): Can Its 8.5% Jump Turn into More Strength?

Terex has been witnessing strong demand for its products across multiple businesses and all major geographies, which is expected to reflect on its upcoming second-quarter 2024 results. Its backlog was $3.1 billion at the end of the first quarter, which was significantly above historical levels. Also, Terex's ongoing efforts to improve efficiency and reduce costs will aid second-quarter earnings. For Terex, the consensus EPS estimate for the quarter has been revised 0.6% lower over the last 30 days to the cu ...