Shyft Group Inc reports results for the quarter ended in June - Earnings Summary

Shyft

25/07/2024 15:22

* Shyft Group Inc  SHYF.OQ  reported quarterly adjusted
earnings
of 16 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of 25 cents.  The mean expectation of four analysts for the
quarter was for earnings of 9 cents per share. Wall Street
expected results to range from 3 cents to 20 cents per share.
    * Revenue fell 14.4% to $192.78 million from a year ago;
analysts
expected $201.48 million. 
    * Shyft Group Inc's reported EPS for the quarter was 6
cents​.
    * The company reported quarterly net income of $2.16
million.
    * Shyft Group Inc shares had fallen by 1.9% this quarter and
lost 4.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 13.1%
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 "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the auto & truck
manufacturers peer group is also "hold"

Wall Street's median 12-month price target for Shyft Group Inc
is $12.00 
This summary was machine generated from LSEG data July 25 at
02:22 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      0.09           0.16           Beat
 Mar. 31 2024      -0.17          -0.04          Beat
 Dec. 31 2023      -0.03          -0.03          Met
 Sep. 30 2023      0.08           0.19           Beat