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

Rev

05/06/2024 15:22

* REV Group Inc  REVG.N  reported quarterly adjusted
earnings of
39 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of 35 cents.  The mean expectation of three analysts for the
quarter was for earnings of 26 cents per share. Wall Street
expected results to range from 24 cents to 28 cents per share.
    * Revenue fell 9.4% to $616.90 million from a year ago;
analysts
expected $601.46 million. 
    * REV Group Inc's reported EPS for the quarter was 28
cents​.
    * The company reported quarterly net income of $15.2
million.
    * REV Group Inc shares had risen by 12.2% this quarter and
gained 61.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 35%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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 June 5 at
02:22 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
 Apr. 30 2024      0.26           0.39           Beat
 Jan. 31 2024      0.15           0.25           Beat
 Oct. 31 2023      0.34           0.53           Beat
 Jul. 31 2023      0.23           0.35           Beat