Insights Into REV Group (REVG) Q4: Wall Street Projections for Key Metrics
In its upcoming report, REV Group (REVG) is predicted by Wall Street analysts to post quarterly earnings of $0.34 per share, reflecting an increase of 21.4% compared to the same period last year. Revenues are forecasted to be $655 million, representing a year-over-year increase of 5%.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain REV Group metrics that are commonly tracked and forecasted by Wall Street analysts.
It is projected by analysts that the 'Revenue- Fire & Emergency' will reach $325.13 million. The estimate suggests a change of +28.5% year over year.
According to the collective judgment of analysts, 'Revenue- Recreation' should come in at $195.09 million. The estimate indicates a year-over-year change of -25%.
Based on the collective assessment of analysts, 'Revenue- Commercial' should arrive at $138.64 million. The estimate indicates a change of +25% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Adjusted EBITDA- Recreation' of $14.75 million. Compared to the present estimate, the company reported $35.30 million in the same quarter last year.
The consensus among analysts is that 'Adjusted EBITDA- Commercial' will reach $10.87 million. Compared to the present estimate, the company reported $3.30 million in the same quarter last year.
View all Key Company Metrics for REV Group here>>>
Shares of REV Group have demonstrated returns of +11.7% over the past month compared to the Zacks S&P 500 composite's +4.9% change. With a Zacks Rank #3 (Hold), REVG is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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REV Group, Inc. (REVG) : Free Stock Analysis Report
