Wabash National Q2 Adj. EPS $1.54 Beats $1.31 Estimate, Sales $686.60M Miss $739.98M Estimate
Portfolio Pulse from Benzinga Newsdesk
Wabash National reported Q2 adjusted earnings of $1.54 per share, beating the analyst consensus estimate of $1.31 by 17.56%. This is a 234.78% increase from the same period last year. However, the company's quarterly sales of $686.60 million missed the analyst consensus estimate of $739.98 million by 7.21%, though it's a 6.82% increase from last year.
July 26, 2023 | 10:53 am
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NEUTRAL IMPACT
Wabash National's Q2 earnings exceeded expectations, but sales fell short of estimates. This mixed result could lead to uncertain short-term price movements.
Wabash National's earnings beat and sales miss could lead to mixed investor sentiment. While the strong earnings growth is positive, the sales miss could raise concerns about the company's revenue growth. This could result in uncertain short-term price movements.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100