Commercial Vehicle Group (CVGI) Q4 Earnings Report Preview: What To Look For

Vehicle systems manufacturer Commercial Vehicle Group (NASDAQ:CVGI) will be reporting results tomorrow after market close. Here’s what you need to know.

Commercial Vehicle Group missed analysts’ revenue expectations by 22.6% last quarter, reporting revenues of $171.8 million, down 30.4% year on year. It was a disappointing quarter for the company, with full-year revenue guidance missing analysts’ expectations significantly and full-year EBITDA guidance missing analysts’ expectations significantly.

Is Commercial Vehicle Group a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Commercial Vehicle Group’s revenue to decline 29% year on year to $158.4 million, a further deceleration from the 5% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.08 per share.Commercial Vehicle Group Total Revenue

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. Commercial Vehicle Group has missed Wall Street’s revenue estimates six times over the last two years.

Looking at Commercial Vehicle Group’s peers in the heavy transportation equipment segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Cummins’s revenues decreased 1.1% year on year, beating analysts’ expectations by 4.7%, and Oshkosh reported revenues up 6.3%, topping estimates by 8.6%. Cummins traded up 6.2% following the results while Oshkosh was also up 21.6%.

Read our full analysis of Cummins’s results here and Oshkosh’s results here.

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