Vehicle systems manufacturer Commercial Vehicle Group NASDAQ:CVGIwill be reporting earnings this Monday after the bell. Here’s what to expect.
Commercial Vehicle Group beat analysts’ revenue expectations last quarter, reporting revenues of $171.5 million, up 1% year on year. It was a stunning quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Is Commercial Vehicle Group a buy or sell going into earnings? .
This quarter, the market is expecting Commercial Vehicle Group’s revenue to be flat year on year, improving from the 11.2% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Commercial Vehicle Group has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Commercial Vehicle Group’s peers in the heavy transportation equipment segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Wabash’s revenues decreased 9.1% year on year, beating analysts’ expectations by 3.6%, and Oshkosh reported revenues up 6.7%, topping estimates by 3.3%. Wabash traded down 6.8% following the results while Oshkosh was also down 7.8%.
Read our full analysis of and .
Over the past year, investors have repeatedly shifted their focus from one macro narrative to another (AI disruption and AI capex spending to geopolitics, interest rates, and the broader health of the economy). While some of the heavy transportation equipment stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5% on average over the last month. Commercial Vehicle Group is up 6% during the same time and is heading into earnings with an average analyst price target of $7.50 (compared to the current share price of $4.39).
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