Vehicle manufacturer Shyft (NASDAQ: SHYF) is expected to be reporting results this Tuesday before the bell. Here’s what to look for.
Shyft beat analysts’ revenue expectations by 2.8% last quarter, reporting revenues of $204.6 million, up 3.4% year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Is Shyft a buy or sell going into earnings? Read our full analysis here, it’s free.
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. Shyft has missed Wall Street’s revenue estimates five times over the last two years.
Looking at Shyft’s peers in the heavy transportation equipment segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Cummins’s revenues decreased 1.7% year on year, beating analysts’ expectations by 3.4%, and REV Group reported revenues up 11.3%, topping estimates by 5%. Cummins traded up 5.6% following the results while REV Group was also up 18.8%.
Read our full analysis of Cummins’s results here and REV Group’s results here.
There has been positive sentiment among investors in the heavy transportation equipment segment, with share prices up 6.1% on average over the last month. during the same time.
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