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Evaluate the expected performance of REV Group (REVG) for the quarter ended January 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
REV Group (REVG) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
REV Group (REVG) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
REV Group is a designer of highly specialized vehicles and aftermarket parts. The company offers investors revenue transparency with a healthy backlog of orders.
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REV Group, Inc. (NYSE:REVG ) Q4 2023 Earnings Conference Call December 13, 2023 10:00 AM ET Company Participants Drew Konop - VP, IR Mark Skonieczny - CFO, President & CEO Conference Call Participants Mig Dobre - Baird Mike Shlisky - D.A. Davidson Operator Greetings, and welcome to the REV Group Fourth Quarter 2023 Earnings Conference Call.
REV Group shares added almost 9% on Wednesday after the maker of specialty fire and emergency, commercial, and recreation vehicles reported better-than-expected fourth quarter and full-year fiscal 2023 earnings. For 4Q, the company posted an 11.2% year-on-year increase in sales to $693.3 million while full-year sales increased 13.1% to $2.64 billion.
REV Group (REVG) came out with quarterly earnings of $0.53 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.28 per share a year ago.
REV Group NYSE: REVG struggled to retain and regain traction over the last two years as supply chain hurdles and industry normalization in the RV market took a toll on production and deliveries. However, the company leaned hard into the supply chain and operating improvements that began to take hold earlier this year and have this transportation company firing on all cylinders now.
BROOKFIELD, Wis.--(BUSINESS WIRE)--REV Group, Inc. (NYSE: REVG), today announced that it is planning to release its fourth quarter fiscal 2023 results before market open on Wednesday, December 13, 2023. The results will be discussed during a live webcast later that morning on December 13, 2023, beginning at 10:00 a.m. ET. To access the webcast, investors should go to www.revgroup.com at least 15 minutes prior to the event. Slides for the webcast will be available on the website before the start.