Snow and ice equipment company Douglas Dynamics (NYSE: PLOW) will be reporting earnings this Monday afternoon. Here’s what to expect.
Douglas Dynamics beat analysts’ revenue expectations by 6.3% last quarter, reporting revenues of $194.3 million, down 2.8% year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.
Is Douglas Dynamics a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Douglas Dynamics’s revenue to grow 26.2% year on year to $163.3 million, a reversal from the 10.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.39 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Douglas Dynamics has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time since going public by 6.5% on average.
Looking at Douglas Dynamics’s peers in the heavy transportation equipment segment, some have already reported their Q3 results, giving us a hint as to what we can expect. PACCAR’s revenues decreased 19% year on year, beating analysts’ expectations by 0.6%, and Federal Signal reported revenues up 17%, topping estimates by 1.9%. PACCAR traded up 2.4% following the results while Federal Signal was down 9.4%.
Read our full analysis of PACCAR’s results here and Federal Signal’s results here.
Investors in the heavy transportation equipment segment have had steady hands going into earnings, with share prices flat over the last month. Douglas Dynamics is down 3.6% during the same time and is heading into earnings with an average analyst price target of $37.75 (compared to the current share price of $30.23).
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