Semi trailers and liquid transportation container manufacturer Wabash (NYSE: WNC) will be reporting earnings this Friday before market open. Here’s what you need to know.
Wabash beat analysts’ revenue expectations last quarter, reporting revenues of $321.5 million, down 22.9% year on year. It was a disappointing quarter for the company, with revenue guidance for next quarter missing analysts’ expectations significantly and a significant miss of analysts’ adjusted operating income estimates.
Is Wabash a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Wabash’s revenue to decline 16.2% year on year, improving from the 26.1% decrease it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Wabash has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Wabash’s peers in the heavy transportation equipment segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Federal Signal delivered year-on-year revenue growth of 34.9%, beating analysts’ expectations by 8%, and PACCAR reported a revenue decline of 8.9%, falling short of estimates by 0.9%. PACCAR traded down 7.1% following the results.
Read our full analysis of Federal Signal’s results here and PACCAR’s results here.
There has been positive sentiment among investors in the heavy transportation equipment segment, with share prices up 8.6% on average over the last month. Wabash is down 3% during the same time and is heading into earnings with an average analyst price target of $14.50 (compared to the current share price of $8.36).
WHILE YOU’RE HERE: The Next Palantir? One satellite company captures images of every point on Earth. Every single day. The Pentagon wants it. Hedge funds are using it to beat earnings. You’ve probably never heard of it.
This is what the early days of Palantir looked like before it became a $437 billion giant. Same playbook. Different technology. If you missed Palantir, you need to see this. Claim The Stock Ticker for Free HERE.
