As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the specialty equipment distributors industry, including Custom Truck One Source (NYSE:CTOS) and its peers.
As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the specialty equipment distributors industry, including H&E Equipment Services (NASDAQ:HEES) and its peers.
As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the specialty equipment distributors industry, including Alta (NYSE:ALTG) and its peers.
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 Herc (NYSE:HRI) and the rest of the specialty equipment distributors stocks fared in Q4.
Wrapping up Q4 earnings, we look at the numbers and key takeaways for the specialty equipment distributors stocks, including United Rentals (NYSE:URI) and its peers.
While the broader market has struggled with the S&P 500 down 1.7% since September 2024, Custom Truck One Source has surged ahead as its stock price has climbed by 32.8% to $5.10 per share. This was partly thanks to its solid quarterly results, and the run-up might have investors contemplating their next move.
Heavy equipment distributor Custom Truck One Source (NYSE:CTOS) fell short of the market’s revenue expectations in Q4 CY2024, with sales flat year on year at $520.7 million. On the other hand, the company’s full-year revenue guidance of $2.02 billion at the midpoint came in 8.3% above analysts’ estimates. Its GAAP profit of $0.12 per share was significantly above analysts’ consensus estimates.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how specialty equipment distributors stocks fared in Q3, starting with Richardson Electronics (NASDAQ:RELL).
Custom Truck One Source trades at $5.18 per share and has stayed right on track with the overall market, gaining 11.4% over the last six months while the S&P 500 has returned 10.9%.
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the specialty equipment distributors stocks, including Custom Truck One Source (NYSE:CTOS) and its peers.
Truck and heavy equipment distributor Custom Truck One Source (NYSE:CTOS) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 3% year on year to $447.2 million. The company’s outlook for the full year was also close to analysts’ estimates with revenue guided to $1.85 billion at the midpoint. Its GAAP loss of $0.07 per share was 141% below analysts’ consensus estimates.
