Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Commercial Vehicle Group (NASDAQ:CVGI) and the best and worst performers in the heavy transportation equipment industry.
What a brutal six months it’s been for Commercial Vehicle Group. The stock has dropped 68.8% and now trades at $0.95, rattling many shareholders. This might have investors contemplating their next move.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q4. Today, we are looking at heavy transportation equipment stocks, starting with Oshkosh (NYSE:OSK).
As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the heavy transportation equipment industry, including Cummins (NYSE:CMI) and its peers.
Vehicle systems manufacturer Commercial Vehicle Group (NASDAQ:CVGI) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales fell by 26.8% year on year to $163.3 million. The company expects the full year’s revenue to be around $690 million, close to analysts’ estimates. Its non-GAAP loss of $0.15 per share was significantly below analysts’ consensus estimates.
Vehicle systems manufacturer Commercial Vehicle Group (NASDAQ:CVGI)
will be reporting results tomorrow after market close. Here’s what you need to know.
Shareholders of Commercial Vehicle Group would probably like to forget the past six months even happened. The stock dropped 55.5% and now trades at $2.25. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
CNDT, CVGI, and IMPP are three potential value plays that investors might overlook for the new year, at a time in which value stocks are especially hot.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Blue Bird (NASDAQ:BLBD) and the best and worst performers in the heavy transportation equipment industry.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Wabash (NYSE:WNC) and the rest of the heavy transportation equipment stocks fared in Q3.
Looking back on heavy transportation equipment stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Commercial Vehicle Group (NASDAQ:CVGI) and its peers.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Federal Signal (NYSE:FSS) and its peers.
Shares of vehicle systems manufacturer Commercial Vehicle Group (NASDAQ:CVGI)
fell 23.2% in the pre-market session after the company reported weak third-quarter earnings. Revenue declined significantly year on year due to what management considered a global softening in customer demand. As a result, the company provided underwhelming outlook as its full-year revenue and EBITDA guidance fell short of Wall Street's estimates. Overall, this quarter could have been better.
Vehicle systems manufacturer Commercial Vehicle Group (NASDAQ:CVGI) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 30.4% year on year to $171.8 million. The company’s full-year revenue guidance of $725 million at the midpoint came in 19.8% below analysts’ estimates. Its GAAP loss of $0.03 per share was also 175% below analysts’ consensus estimates.
CVGI stock results show that Commercial Vehicle Group missed analyst estimates for earnings per share and missed on revenue for the second quarter of 2024.
CVGI stock results show that Commercial Vehicle Group missed analyst estimates for earnings per share and missed on revenue for the first quarter of 2024.
CVGI stock results show that Commercial Vehicle Group missed analyst estimates for earnings per share and missed on revenue for the fourth quarter of 2023.
