REV Group Inc reports results for the quarter ended in July 31 - Earnings Summary

Rev

04/09/2024 14:32

* REV Group Inc  REVG.N  reported quarterly adjusted
earnings of
48 cents​​ per share for the quarter ended July 31, higher than
the same quarter last year, when the company reported EPS of 35
cents.  The mean expectation of four analysts for the quarter
was for earnings of 42 cents per share. Wall Street expected
results to range from 38 cents to 48 cents per share.
    * Revenue fell 14.8% to $579.40 million from a year ago;
analysts
expected $618.69 million. 
    * REV Group Inc's reported EPS for the quarter was 35
cents​.
    * The company reported quarterly net income of $18 million.
    * REV Group Inc shares had risen by 21.4% this quarter and
gained 96.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.6%
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," 1
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the heavy
machinery &
vehicles peer group is  "hold."

Wall Street's median 12-month price target for REV Group Inc is
30.75 
This summary was machine generated from LSEG data September 4 at
01:31 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
 Jul. 31 2024      0.42           0.48           Beat
 Apr. 30 2024      0.26           0.39           Beat
 Jan. 31 2024      0.15           0.25           Beat
 Oct. 31 2023      0.34           0.53           Beat