Wabash National Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Wabash National (NYSE:WNC) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$550.6m (down 20% from 2Q 2023).
• Net income: US$29.0m (down 61% from 2Q 2023).
• Profit margin: 5.3% (down from 11% in 2Q 2023). The decrease in margin was driven by lower revenue.
• EPS: US$0.65 (down from US$1.57 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Wabash National EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) exceeded analyst estimates by 15%.

Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Machinery industry in the US.

Performance of the American Machinery industry.

The company's shares are down 9.6% from a week ago.

Risk Analysis

Be aware that Wabash National is showing 3 warning signs in our investment analysis and 1 of those doesn't sit too well with us...

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