REV Group Likely To Report Higher Q4 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
REV Group, Inc. (NYSE:REVG) is expected to report higher earnings for Q4 fiscal 2023, with analysts predicting earnings of 34 cents per share compared to 28 cents per share a year ago, and revenue of $666.13 million, up from $623.6 million. The company previously reported a 14.3% year-over-year sales growth in Q3 FY23. Analysts from Baird, BMO Capital, Goldman Sachs, and Credit Suisse have recently updated their ratings and price targets for REVG, with varying opinions on the stock's performance.
December 13, 2023 | 6:50 am
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REV Group is anticipated to report increased earnings and revenue for Q4 FY23. Analysts have updated price targets with mixed ratings, indicating varied expectations for the stock's future performance.
The anticipation of higher earnings and revenue for REV Group's Q4 FY23 is likely to have a positive impact on the stock price in the short term. Analysts' updated price targets and ratings, although mixed, generally suggest a positive outlook, which could further bolster investor confidence leading up to the earnings release.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100