Wabash National nears 18-year high on upbeat 2023 outlook, Q4 profit beat

Wabash National

02/02/2023 15:27

** Shares of trailer maker Wabash National Corp  WNC.N  hit
near 18-year high of $27.70, up ~6%
    ** Company's 2023 outlook with midpoints of $2.9 bln revenue
and $2.85 EPS top est. of $2.6 bln and $2.45, respectively
    ** Wabash posts record sales and EPS in Q4 and 2022
    ** Q4 EPS of 84 cents beats Refinitiv est. of 71 cents, but
revenue of $657.4 mln lags est. of $668.4 mln
    ** Company posts 2022 EPS of $2.25 above est. of $2.15;
revenue of $2.5 bln in line with estimates
    ** Of the 5 analysts covering the stock, 3 rate "hold" and 1
each "buy" and "strong buy"; median PT at $27 - Refinitiv
    ** Stock up 22% YTD
 (Reporting by Ankika Biswas in Bengaluru)
 ((Ankika.Biswas@thomsonreuters.com))