Earnings Preview For REV Group
Portfolio Pulse from Benzinga Insights
REV Group (NYSE:REVG) is expected to release its quarterly earnings report on Wednesday, 2023-12-13, with an estimated EPS of $0.34. Investors are looking for an earnings beat and positive guidance for future growth. Historically, REV Group's stock price has been sensitive to earnings performance and guidance. Last quarter, the company beat the EPS estimate by $0.12, leading to a 6.15% stock price increase the following day. Over the past year, REVG shares have risen 16.48%, trading at $16.96 as of December 08.
December 12, 2023 | 2:00 pm
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REV Group is anticipated to report quarterly earnings with an EPS estimate of $0.34. A positive earnings surprise and guidance could lead to a stock price increase, as seen historically. Shares have been performing well, up 16.48% over the last year.
Given REV Group's history of stock price increases following an earnings beat, and the positive trend over the past year, there is a reasonable expectation for a short-term positive impact on the stock price if the company reports a higher than expected EPS and provides favorable guidance. However, the market's reaction can be unpredictable and may also depend on broader market conditions.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100