Tennant Company is projected to report Q3 2026 revenue of $330.75 million and earnings of $0.93 per share, with the current stock price of $66.44 sitting significantly below the average analyst price target of $91.00.
Investors are primarily focused on the stabilization of gross margins as the company works to recover from ERP-related operational inefficiencies and North American parts shortages that severely impacted the previous quarter's profitability.
Despite healthy demand and a growing backlog, management recently lowered full-year 2026 earnings guidance by approximately $1.00 per share to reflect these fulfillment challenges. Analysts are watching this report to see if production output has normalized to better convert strong order rates into delivered shipments.