Wabash National Q2 2024 Adj EPS $0.64 Beats $0.56 Estimate, Sales $550.610M Miss $594.740M Estimate
Portfolio Pulse from Benzinga Newsdesk
Wabash National (NYSE:WNC) reported Q2 2024 adjusted EPS of $0.64, beating the estimate of $0.56, but sales of $550.610M missed the $594.740M estimate. EPS decreased by 58.44% YoY, and sales decreased by 19.81% YoY.
July 24, 2024 | 10:54 am
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Wabash National's Q2 2024 earnings per share of $0.64 beat estimates by 14.29%, but sales of $550.610M missed expectations by 7.42%. Both EPS and sales showed significant YoY declines.
While Wabash National's EPS beat estimates, the significant YoY decline in both EPS and sales, along with the sales miss, creates a mixed outlook. Investors may react neutrally in the short term as positive EPS is offset by declining sales.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100