Custom Truck One Source Inc reports results for the quarter ended in January - Earnings Summary

Custom Truck One Source

02/08/2024 01:56

* Custom Truck One Source Inc  CTOS.N  reported a quarterly
adjusted loss of 10 cents​​ per share for the quarter ended in
January, lower than the same quarter last year, when the company
reported EPS of 5 cents.  The mean expectation of six analysts
for the quarter was for a loss of one cent per share. Wall
Street expected results to range from -4 cents to 2 cents per
share.
    * Revenue fell 7.4% to $423.01 million from a year ago;
analysts
expected $458.86 million. 
    * Custom Truck One Source Inc's reported EPS for the quarter
was a
loss of 10 cents​.
    * The company reported a quarterly loss of $24.48 million.
    * Custom Truck One Source Inc shares had risen by 15.2% this
quarter and lost 18.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 150%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the auto
vehicles,
parts & service retailers peer group is also "buy"

Wall Street's median 12-month price target for Custom Truck One
Source Inc is $7.00 
This summary was machine generated from LSEG data August 2 at
12:56 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -0.01          -0.10          Missed
 Mar. 31 2024      -0.01          -0.06          Missed
 Dec. 31 2023      0.11           0.07           Missed
 Sep. 30 2023      0.05           0.04           Missed