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What To Expect From Shyft’s (SHYF) Q1 Earnings

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Vehicle manufacturer Shyft (NASDAQ: SHYF) will be announcing earnings results tomorrow before market hours. Here’s what to expect.

Shyft missed analysts’ revenue expectations by 4.3% last quarter, reporting revenues of $201.4 million, flat year on year. It was a slower quarter for the company, with a miss of analysts’ Fleet Vehicles revenue estimates and full-year EBITDA guidance missing analysts’ expectations significantly.

Is Shyft a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Shyft’s revenue to be flat year on year at $198.9 million, improving from the 18.7% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.10 per share.

Shyft Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Shyft has missed Wall Street’s revenue estimates five times over the last two years.

Looking at Shyft’s peers in the heavy machinery segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Wabtec delivered year-on-year revenue growth of 4.5%, missing analysts’ expectations by 0.8%, and Greenbrier reported a revenue decline of 11.7%, falling short of estimates by 15.2%. Greenbrier traded down 11.4% following the results.

Read our full analysis of Wabtec’s results here and Greenbrier’s results here.


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