3 Reasons Bus Maker REV Group Is Down Despite an Earnings Beat [The Motley Fool]
REV Group, Inc. (REVG)
Last rev group, inc. earnings: 3/4 04:30 pm
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US:NYSE Investor Relations:
investors.revgroup.com
Company Research
Source: The Motley Fool
REV Group(NYSE:REVG. Revenue gains were slightREV Group managed to eke out some revenue gains year over year, with Q3 net sales increasing .9% to $593.3 million. This missed the consensus estimate of approximately $663.4 million predicted by Wall Street analysts, however, delivering a 0.6% negative surprise.The company's biggest segment, fire and emergency vehicles, experienced a 2.% year over year drop in sales. The RV segment, somewhat smaller than fire and emergency, gained 6.3%, driven by thesurge in RV sales benefiting other manufacturersThor IndustriesImage source: Getty Images.According to CFO Mark Skonieczny during REV'sQ3 earnings conference call2. REV throttled back guidanceREV Group's updated full-year guidance cut predictions for most metrics, including lowering its revenue forecast from $2.45 billion-$2.6 billion to $2.3 billion-$2.45 billion. Net income, adjusted net income, and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) were all re
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REVG
News
- REV Group, Inc. (NYSE: REVG) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Vicinity Motors promotes Brent Phillips to President as company drives strategic initiatives [Yahoo! Finance]Yahoo! Finance
- REV Group, Inc. (NYSE: REVG) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- REV Group, Inc. (NYSE: REVG) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $18.00 to $20.00. They now have a "sell" rating on the stock.MarketBeat
- REV Group appoints Amy Campbell as CFO [Seeking Alpha]Seeking Alpha
REVG
Earnings
- 3/6/24 - Beat
REVG
Sec Filings
- 4/15/24 - Form 4
- 4/15/24 - Form 3
- 4/15/24 - Form 8-K
- REVG's page on the SEC website