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

Shyft

25/04/2024 16:39

* Shyft Group Inc  SHYF.OQ  reported a quarterly adjusted
loss
of 4 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of 12 cents.  The mean expectation of four analysts for the
quarter was for a loss of 17 cents per share. Wall Street
expected results to range from -22 cents to -13 cents per share.
    * Revenue fell 18.7% to $197.89 million from a year ago;
analysts
expected $184.28 million. 
    * Shyft Group Inc's reported EPS for the quarter was a loss
of 14
cents​.
    * The company reported a quarterly loss of $4.67 million.
    * Shyft Group Inc shares had fallen by 13.5% this
quarter and
lost 12.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1,280% 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 April 25 at
03:39 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      -0.17          -0.04          Beat
 Dec. 31 2023      -0.03          -0.03          Met
 Sep. 30 2023      0.08           0.19           Beat
 Jun. 30 2023      0.21           0.25           Beat