REV Group's NYSE: REVG stock price rose more than 200% in 12 months because of business strength, cash flow, and balance sheet health, and it can continue to set new highs. The guidance for Q3 is tepid, leading to a significant pullback in share prices, but the move revealed robust support aligning with the uptrend.
REV Group, Inc. (NYSE:REVG ) Q3 2024 Earnings Conference Call September 4, 2024 10:00 AM ET Company Participants Drew Konop - Vice President, Investor Relations Mark Skonieczny - President & CEO Amy Campbell - CFO Conference Call Participants Jerry Revich - Goldman Sachs Angel Castillo - Morgan Stanley Mig Dobre - Baird Mike Shlisky - D.A. Davidson Operator Greetings.
Rev earnings came in ahead of expectations, but revenue was weak. The company expects the sales trend to continue for the remainder of the fiscal year.
The headline numbers for REV Group (REVG) give insight into how the company performed in the quarter ended July 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
REV Group (REVG) came out with quarterly earnings of $0.48 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.35 per share a year ago.
REV Group has seen a 172% rise in share price over the past 5 years, with a significant increase in the past year. The company's Speciality Vehicle segment is driving growth with a significant backlog and pricing power. Q2 results showed positive performance in the Speciality Vehicle segment, offsetting weakness in the Recreational Vehicle segment.
Shares REV Group, Inc. (REVG) have been climbing in waves since the start of 2024.
On 6/28/24, Mondelez International, REV Group, and Keurig Dr Pepper will all trade ex-dividend for their respective upcoming dividends. Mondelez International will pay its quarterly dividend of $0.425 on 7/12/24, REV Group will pay its quarterly dividend of $0.05 on 7/12/24, and Keurig Dr Pepper will pay its quarterly dividend of $0.215 on 7/12/24.
REV Group NYSE: REVG has been showing strong performance over the last twelve months as a turnaround and restructuring effort took hold. The results of those efforts are seen in the FQ2 results, which are propelling the market higher.
REV Group, Inc. (NYSE:REVG ) Q2 2024 Earnings Conference Call June 5, 2024 10:00 AM ET Corporate Participants Drew Konop - Vice President, Investor Relations Mark Skonieczny - Chief Executive Officer Amy Campbell - Chief Financial Officer Conference Call Participants Clay Williams - Goldman Sachs Mike Shlisky - D.A. Davidson Mircea Dobre - Baird Operator Greetings.
Although the revenue and EPS for REV Group (REVG) give a sense of how its business performed in the quarter ended April 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
REV Group (REVG) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.35 per share a year ago.