Wabash National Corp reports results for the quarter ended in March - Earnings Summary

Wabash National

24/04/2024 14:19

* Wabash National Corp  WNC.N  reported quarterly adjusted
earnings of 41 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of $1.04.  The mean expectation of three analysts for the
quarter was for earnings of 45 cents per share. Wall Street
expected results to range from 44 cents to 47 cents per share.
    * Revenue fell 17% to $515.28 million from a year ago;
analysts
expected $516.85 million. 
    * Wabash National Corp's reported EPS for the quarter was 39
cents​.
    * The company reported quarterly net income of $18.17
million.
    * Wabash National Corp shares had fallen by 14.0% this
quarter and
gained 0.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 36.6%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the heavy
machinery &
vehicles peer group is also "hold"

Wall Street's median 12-month price target for Wabash National
Corp is $28.00 
This summary was machine generated from LSEG data April 24 at
01:19 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      0.45           0.41           Missed
 Dec. 31 2023      0.91           1.09           Beat
 Sep. 30 2023      1.02           1.16           Beat
 Jun. 30 2023      1.32           1.54           Beat