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

Rev

13/12/2023 14:33

* REV Group Inc  REVG.N  reported quarterly adjusted
earnings of
53 cents​​ per share for the quarter ended in October, higher
than the same quarter last year, when the company reported EPS
of 28 cents.  The mean expectation of three analysts for the
quarter was for earnings of 34 cents per share. Wall Street
expected results to range from 29 cents to 38 cents per share.
    * Revenue rose 11.2% to $693.30 million from a year ago;
analysts
expected $666.13 million. 
    * REV Group Inc's reported EPS for the quarter was 50
cents​.
    * The company reported quarterly net income of $29.7
million.
    * REV Group Inc shares had risen by 6.6% this quarter and
gained 35.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 15.3%
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." 
    * Wall Street's median 12-month price target for REV Group
Inc is
$20.00 

This summary was machine generated from LSEG data December 13 at
02:32 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
 Oct. 31 2023      0.34           0.53           Beat
 Jul. 31 2023      0.23           0.35           Beat
 Apr. 30 2023      0.18           0.35           Beat
 Jan. 31 2023      0.00           0.12           Beat