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

Rush Enterprises

31/07/2024 22:44

* Rush Enterprises Inc  RUSHA.OQ  reported quarterly
adjusted
earnings of 97 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of $1.17.  The mean expectation of two analysts for the
quarter was for earnings of 77 cents per share. Wall Street
expected results to range from 76 cents to 77 cents per share.
    * Revenue rose 1.2% to $2.03 billion from a year ago;
analysts
expected $1.86 billion. 
    * Rush Enterprises Inc's reported EPS for the quarter was 97
cents​.
    * The company reported quarterly net income of $78.66
million.
    * Rush Enterprises Inc shares had risen by 22.3% this
quarter and
gained 1.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.6%
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
"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 $39.00 
This summary was machine generated from LSEG data July 31 at
09:43 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
 Jun. 30 2024      0.77           0.97           Beat
 Mar. 31 2024      0.77           0.88           Beat
 Dec. 31 2023      0.85           0.95           Beat
 Sep. 30 2023      0.91           0.96           Beat