Custom Truck One Source Inc (CTOS), a leading provider of specialized truck and heavy equipment solutions, saw its stock soar 14.43% in the pre-market trading session on Wednesday, following the release of its fourth-quarter earnings results.
The company reported a mixed performance for the quarter ended December 31, 2024. While revenue remained relatively flat at $520.74 million, slightly below analysts' expectations of $543.34 million, the company reported adjusted earnings per share (EPS) of $0.02, missing the consensus estimate of $0.04.
Despite the earnings miss, investors seem to be focusing on the company's overall financial performance and growth prospects. Custom Truck One Source reported a net income of $27.57 million for the quarter, and analysts maintain a "buy" rating on the stock, with a median 12-month price target of $5.50.
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