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Generac's (GNRC) first-quarter performance is cushioned by an increase in Residential product sales. Management reiterated its sales expectations for 2024.
Generac Holdings (GNRC) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.63 per share a year ago.
Generac's (GNRC) Q1 performance is likely to have been favorably impacted by continued strength in the home standby generator and residential energy technology products and solutions revenue category.
Evaluate the expected performance of Generac Holdings (GNRC) for the quarter ended March 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Generac's shares have fallen over 80% from their all-time high, creating an attractive valuation for investors. The company is well-positioned to benefit from long-term "megatrends" such as the evolution of the electrical grid, climate change, and the emergence of cleaner alternative fuels. Generac's residential business represents a significant growth opportunity, with the potential for increased penetration rates and strong sales growth in the coming years.
It's been a rough month for most S&P 500 stocks. But some are absolutely thriving.
WAUKESHA, Wisc., April 17, 2024 (GLOBE NEWSWIRE) -- Generac Holdings Inc. ("Generac") (NYSE: GNRC), a leading global designer and manufacturer of energy technology solutions and other power products, today announced plans to release its first quarter 2024 financial results before the market opens on Wednesday, May 1, 2024. Generac management will hold a conference call at 10:00 a.m. EDT on that day to discuss highlights of this earnings release.
Generac (GNRC) is looking at inorganic strategy to boost solutions portfolio and drive expansion, per a report from Bloomberg.
Generator manufacturer Generac (GNRC) could stand to benefit from a hurricane season experts expect to be incredibly volatile compared to a 30-year average. Generac stock is up nearly 33% over the past 12 months and is currently outpacing the S&P 500 (^GSPC) year-over-year.
Generac Holdings (GNRC) closed at $128.26 in the latest trading session, marking a +0.09% move from the prior day.