Semi trailers and liquid transportation container manufacturer Wabash (NYSE: WNC) will be reporting results this Friday before market open. Here’s what investors should know.
Wabash missed analysts’ revenue expectations by 7.1% last quarter, reporting revenues of $380.9 million, down 26.1% year on year. It was a disappointing quarter for the company, with full-year revenue guidance missing analysts’ expectations.
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 21.2% year on year to $433.8 million, a further deceleration from the 19.8% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.34 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.
Looking at Wabash’s peers in the heavy machinery segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Greenbrier delivered year-on-year revenue growth of 2.7%, beating analysts’ expectations by 7.3%, and PACCAR reported a revenue decline of 15.7%, topping estimates by 2.6%. Greenbrier traded up 21.1% following the results while PACCAR was also up 8.9%.
Read our full analysis of Greenbrier’s results here and PACCAR’s results here.
There has been positive sentiment among investors in the heavy machinery segment, with share prices up 7.7% on average over the last month. Wabash is up 2.5% during the same time and is heading into earnings with an average analyst price target of $12.75 (compared to the current share price of $10.86).
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