Generac Holdings (GNRC) came out with quarterly earnings of $2.80 per share, beating the Zacks Consensus Estimate of $2.50 per share. This compares to earnings of $2.07 per share a year ago.
Generac reported fourth-quarter earnings per share of $2.80 from sales of $1.2 billion on Wednesday. Wall Street was looking for $2.53 and $1.2 billion, respectively.
Get a deeper insight into the potential performance of Generac Holdings (GNRC) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
GNRC's fourth-quarter performance is likely to have gained from strength in the home standby generators category. Weakness in C&I sales remains concerning.
Generac unveils a powerful 28kW air-cooled generator, expanding its range to 10-28kW and integrating seamlessly with ecobee and PWRcell for total energy control.
GNRC's strengthening residential business and acquisitions bode well amid weakness in the C&I segment.
Here is how Generac Holdings (GNRC) and ScanSource (SCSC) have performed compared to their sector so far this year.
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Investors interested in stocks from the Manufacturing - General Industrial sector have probably already heard of Generac Holdings (GNRC) and Crane (CR). But which of these two companies is the best option for those looking for undervalued stocks?
Generac Holdings (GNRC) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Generac Holdings offers comprehensive energy solutions, benefiting from rising renewable adoption and extreme weather events, positioning it for sustained growth. The Company's proven business model, consistent profitability, and strategic acquisitions enhance its capabilities in a rapidly changing energy market. Despite 2023's underwhelming performance, 2024 projections are optimistic, with expected sales of $4.3B and EPS of $7.02.
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