Speciality vehicle provider REV (NYSE:REVG) will be announcing earnings results tomorrow before market open. Here’s what investors should know.
REV Group beat analysts’ revenue expectations by 0.9% last quarter, reporting revenues of $597.9 million, down 13.8% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates.
Is REV Group a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting REV Group’s revenue to decline 15.9% year on year to $492.8 million, a deceleration from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.27 per share.
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. REV Group has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 5.6% on average.
Looking at REV Group’s peers in the heavy transportation equipment segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Cummins’s revenues decreased 1.1% year on year, beating analysts’ expectations by 4.7%, and Oshkosh reported revenues up 6.3%, topping estimates by 8.6%. Cummins traded up 6.2% following the results while Oshkosh was also up 21.6%.
Read our full analysis of Cummins’s results here and Oshkosh’s results here.
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