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

Shyft

26/10/2023 14:33

* Shyft Group Inc  SHYF.OQ  reported quarterly adjusted
earnings
of 19 cents​​ per share for the quarter ended in September. The
mean expectation of four analysts for the quarter was
for earnings of 8 cents per share.
    * Revenue fell 29.6% to $201.33 million from a year ago;
analysts
expected $207.80 million. 
    * Shyft Group Inc's reported EPS for the quarter was 13
cents​.
    * The mean earnings estimate of analysts had fallen by
about 79%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Shyft Group Inc shares had fallen by 21.2% this
quarter and
lost 52.6% so far this year.
    * The company reported quarterly net income of $4.52
million.
    * Wall Street's median 12-month price target for Shyft Group
Inc
is $17.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
October 26 at 01:33 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.08           0.19           Beat
 Jun. 30 2023      0.21           0.25           Beat
 Mar. 31 2023      0.04           0.12           Beat
 Dec. 31 2022      0.45           0.58           Beat