NYSE:REVG - New York Stock Exchange, Inc. - US7495271071 - Common Stock - Currency: USD
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at heavy transportation equipment stocks, starting with REV Group (NYSE:REVG).
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at heavy transportation equipment stocks, starting with Trinity (NYSE:TRN).
The Nasdaq held at highs, but the broader market struggled as yields jumped.
Speciality vehicle provider REV (NYSE:REVG) missed Wall Street’s revenue expectations in Q3 CY2024, with sales falling 13.8% year on year to $597.9 million. The company’s full-year revenue guidance of $2.35 billion at the midpoint came in 4.3% below analysts’ estimates. Its non-GAAP profit of $0.51 per share was 4.1% above analysts’ consensus estimates.
Rev Group reports fourth-quarter earnings early Wednesday.
Speciality vehicle provider REV (NYSE:REVG) will be reporting results tomorrow before market open. Here’s what investors should know.
Wrapping up Q2 earnings, we look at the numbers and key takeaways for the heavy transportation equipment stocks, including REV Group (NYSE:REVG) and its peers.
REV Group reported mixed results, but the 20% share price drop is overblown and sets up a robust opportunity for investors.
The outlook for the rest of the year disappointed investors.
Speciality vehicle provider REV (NYSE:REVG) fell short of analysts’ expectations in Q2 CY2024, with revenue down 14.8% year on year to $579.4 million. The company’s full-year revenue guidance of $2.4 billion at the midpoint also came in 1.8% below analysts’ estimates. It made a non-GAAP profit of $0.48 per share, improving from its profit of $0.25 per share in the same quarter last year.
REV Group struggled in Q2 but results are better than expected for this specialty vehicle maker with profits and capital returns.
REVG stock results show that REV Group beat analyst estimates for earnings per share and beat on revenue for the second quarter of 2024.
InvestorPlace - Stock Market News, Stock Advice & Trading Tips REV Group (NYSE:REVG) just reported results for the second quarter of 2024.REV ...