Semi trailers and liquid transportation container manufacturer Wabash (NYSE:WNC) will be reporting earnings tomorrow before market hours. Here’s what investors should know.
Wabash missed analysts’ revenue expectations by 7.4% last quarter, reporting revenues of $550.6 million, down 19.8% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ operating margin estimates but a miss of analysts’ backlog sales estimates.
Is Wabash a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Wabash’s revenue to decline 24.6% year on year to $477.3 million, a further deceleration from the 3.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.23 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. Wabash has missed Wall Street’s revenue estimates six times over the last two years.
Looking at Wabash’s peers in the heavy machinery segment, only PACCAR has reported results so far. It beat analysts’ revenue estimates by 1.4%, posting year-on-year sales declines of 6.4%.
Read our full analysis of PACCAR’s earnings results here.Investors in the heavy machinery segment have had steady hands going into earnings, with share prices flat over the last month. Wabash is down 8.4% during the same time and is heading into earnings with an average analyst price target of $22 (compared to the current share price of $17.45).
When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.