Wabash National Q1 Adj $0.39 Misses $0.45 Estimate, Sales $515.28M Miss $516.85M Estimate
Portfolio Pulse from Benzinga Newsdesk
Wabash National (NYSE:WNC) reported Q1 adjusted earnings of $0.39 per share, missing the $0.45 estimate, and sales of $515.28M, below the $516.85M estimate. This represents a 62.5% decrease in earnings and a 17.02% decrease in sales from the same period last year.
April 24, 2024 | 10:55 am
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NEGATIVE IMPACT
Wabash National reported lower than expected Q1 earnings and sales, with a significant decrease compared to last year.
Missing both earnings and sales estimates, especially with such a significant year-over-year decrease, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100