Semi trailers and liquid transportation container manufacturer Wabash (NYSE:WNC) will be reporting earnings tomorrow before market open. Here’s what you need to know.
Wabash beat analysts’ revenue expectations by 0.9% last quarter, reporting revenues of $416.8 million, down 30.1% year on year. It was a slower quarter for the company, with full-year EPS guidance missing analysts’ expectations.
Is Wabash a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Wabash’s revenue to decline 20.5% year on year to $409.9 million, a further deceleration from the 17% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.28 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at Wabash’s peers in the heavy transportation equipment segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Shyft delivered year-on-year revenue growth of 3.4%, beating analysts’ expectations by 2.8%, and Wabtec reported revenues up 4.5%, falling short of estimates by 0.8%. Shyft traded up 18.1% following the results while Wabtec was also up 8%.
Read our full analysis of Shyft’s results here and Wabtec’s results here.
Investors in the heavy transportation equipment segment have had fairly steady hands going into earnings, with share prices down 1.3% on average over the last month. Wabash is down 9% during the same time and is heading into earnings with an average analyst price target of $14.50 (compared to the current share price of $10.05).
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