Rush Enterprises Inc reports results for the quarter ended in March - Earnings Summary

Rush Enterprises

23/04/2024 23:52

* Rush Enterprises Inc  RUSHA.OQ  reported quarterly
adjusted
earnings of 88 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of $1.07.  The mean expectation of two analysts for the
quarter was for earnings of 77 cents per share. Wall Street
expected results to range from 74 cents to 80 cents per share.
    * Revenue fell 2.1% to $1.87 billion from a year ago;
analysts
expected $1.87 billion. 
    * Rush Enterprises Inc's reported EPS for the quarter was 88
cents​.
    * The company reported quarterly net income of $71.61
million.
    * Rush Enterprises Inc shares had fallen by 9.8% this
quarter and
lost 4.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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

Wall Street's median 12-month price target for Rush Enterprises
Inc is $58.50 
This summary was machine generated from LSEG data April 23 at
10:51 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
 Mar. 31 2024      0.77           0.88           Beat
 Dec. 31 2023      0.85           0.95           Beat
 Sep. 30 2023      0.91           0.96           Beat
 Jun. 30 2023      0.99           1.17           Beat