1208 GMT - Daimler Truck could post a first quarter beat on margins, but guidance could be downgraded due to weakness in heavy duty and medium duty markets, Morgan Stanley analysts write. The bank thinks earnings will come in ahead of expectations, with the industrial adjusted EBIT margin at 8.8% versus consensus at 8.5%. It sees upside driven by a strong quarter in Trucks North America. However, Daimler Truck's peers now expect a 2025 North American truck market of 275,000 units, versus 300,000 previously. The bank expects the company to adopt a similar market outlook given recent order weakness. It thinks management may guide to a 7%-9% industrial adjusted EBIT margin, down from 8%-10%. "Consensus estimates have already reduced, meaning downside on the day may be limited." (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
May 09, 2025 08:08 ET (12:08 GMT)
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