REV Group Inc reports results for the quarter ended in January - Earnings Summary

Rev

06/03/2024 14:42

* REV Group Inc  REVG.N  reported quarterly adjusted
earnings of
25 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of 12 cents.  The mean expectation of three analysts for the
quarter was for earnings of 15 cents per share. Wall Street
expected results to range from 5 cents to 24 cents per share.
    * Revenue rose 0.4% to $586.00 million from a year ago;
analysts
expected $579.42 million. 
    * REV Group Inc's reported EPS for the quarter was $3.06​.
    * The company reported quarterly net income of $182.7
million.
    * REV Group Inc shares had risen by 35.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 19.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the heavy
machinery &
vehicles peer group is also "buy"

Wall Street's median 12-month price target for REV Group Inc is
$25.00 
This summary was machine generated from LSEG data March 6 at
02:41 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
 Jan. 31 2024      0.15           0.25           Beat
 Oct. 31 2023      0.34           0.53           Beat
 Jul. 31 2023      0.23           0.35           Beat
 Apr. 30 2023      0.18           0.35           Beat