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

Rev

11/12/2024 14:31

* REV Group Inc  REVG.N  reported quarterly adjusted
earnings of
51 cents​​ per share for the quarter ended October 31, lower
than the same quarter last year, when the company reported EPS
of 53 cents.  The mean expectation of four analysts for the
quarter was for earnings of 49 cents per share. Wall Street
expected results to range from 46 cents to 54 cents per share.
    * Revenue fell 13.8% to $597.90 million from a year ago;
analysts
expected $603.34 million. 
    * REV Group Inc's reported EPS for the quarter was 80
cents​.
    * The company reported quarterly net income of $41.7
million.
    * REV Group Inc shares had risen by 5.5% this quarter and
gained 92.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 December 11 at
02:31 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
 Oct. 31 2024      0.49           0.51           Beat
 Jul. 31 2024      0.42           0.48           Beat
 Apr. 30 2024      0.26           0.39           Beat
 Jan. 31 2024      0.15           0.25           Beat