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

Custom Truck One Source

03/05/2024 24:25

* Custom Truck One Source Inc  CTOS.N  reported a quarterly
adjusted loss of 6 cents​​ per share for the quarter ended in
March, lower than the same quarter last year, when the company
reported EPS of 6 cents.  The mean expectation of five analysts
for the quarter was for a loss of one cent per share. Wall
Street expected results to range from -6 cents to 1 cents per
share.
    * Revenue fell 9% to $411.31 million from a year ago;
analysts
expected $455.93 million. 
    * Custom Truck One Source Inc's reported EPS for the quarter
was a
loss of 6 cents​.
    * The company reported a quarterly loss of $14.34 million.
    * Custom Truck One Source Inc shares had fallen by 16.8%
this
quarter and lost 21.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 116.7% 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," 1
"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 $8.00 
This summary was machine generated from LSEG data May 2 at 11:24
p.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
 Mar. 31 2024      -0.01          -0.06          Missed
 Dec. 31 2023      0.11           0.07           Missed
 Sep. 30 2023      0.05           0.04           Missed
 Jun. 30 2023      0.02           0.05           Beat