Shyft Group Inc reports results for the quarter ended in September 30 - Earnings Summary

Shyft

24/10/2024 17:07

* Shyft Group Inc  SHYF.OQ  reported quarterly adjusted
earnings
of 18 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of 19 cents.  The mean expectation of four analysts for the
quarter was for earnings of 18 cents per share. Wall Street
expected results to range from 12 cents to 29 cents per share.
    * Revenue fell 3.6% to $194.08 million from a year ago;
analysts
expected $207.80 million. 
    * Shyft Group Inc's reported EPS for the quarter was 9
cents​.
    * The company reported quarterly net income of $3.12
million.
    * Shyft Group Inc shares had fallen by 6.5% this quarter and
lost 3.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.6%
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 "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the auto & truck
manufacturers peer group is  "hold."

Wall Street's median 12-month price target for Shyft Group Inc
is 16.00 
This summary was machine generated from LSEG data October 24 at
04:07 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
 Sep. 30 2024      0.18           0.18           Met
 Jun. 30 2024      0.09           0.16           Beat
 Mar. 31 2024      -0.17          -0.04          Beat
 Dec. 31 2023      -0.03          -0.03          Met