Semi trailers and liquid transportation container manufacturer Wabash (NYSE:WNC) will be reporting results tomorrow before the bell. Here’s what to look for.
Wabash missed analysts’ revenue expectations by 2.8% last quarter, reporting revenues of $464 million, down 26.7% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ adjusted operating income 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 30.7% year on year to $412.9 million, a further deceleration from the 9.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.03 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 Q4 results, giving us a hint as to what we can expect. Greenbrier delivered year-on-year revenue growth of 8.3%, beating analysts’ expectations by 3.1%, and Lindsay reported revenues up 3.1%, falling short of estimates by 2.1%. Greenbrier traded up 3.7% following the results while Lindsay was also up 4.9%.
Read our full analysis of Greenbrier’s results here and Lindsay’s results here.
There has been positive sentiment among investors in the heavy machinery segment, with share prices up 4.1% on average over the last month. Wabash is down 10.6% during the same time and is heading into earnings with an average analyst price target of $20.50 (compared to the current share price of $15.30).
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