Commercial vehicle retailer Rush Enterprises (NASDAQ:RUSH.A) will be reporting earnings tomorrow after the bell. Here’s what investors should know. Rush Enterprises beat analysts’ revenue expectations by 8.2% last quarter, reporting revenues of $2.01 billion, flat year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ adjusted operating income estimates and a decent beat of analysts’ EPS estimates. Is Rush Enterprises a buy or sell going into earnings? Read our full analysis here, it’s free. This quarter, analysts are expecting Rush Enterprises’s revenue to decline 2.5% year on year to $1.83 billion, in line with the 2.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.72 per share.Rush Enterprises 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. Rush Enterprises has missed Wall Street’s revenue estimates twice over the last two years. Looking at Rush Enterprises’s peers in the industrial distributors segment, some have already reported their Q1 results, giving us a hint as to what we can expect. GATX delivered year-on-year revenue growth of 11%, beating analysts’ expectations by 1.1%, and United Rentals reported revenues up 6.7%, topping estimates by 2.5%. GATX traded down 2.7% following the results while United Rentals was up 10.1%. Read our full analysis of GATX’s results here and United Rentals’s results here. Investors in the industrial distributors segment have had fairly steady hands going into earnings, with share prices down 1.3% on average over the last month. Rush Enterprises is down 5.3% during the same time and is heading into earnings with an average analyst price target of $61.50 (compared to the current share price of $50.60). Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
Rush Enterprises (RUSHA) To Report Earnings Tomorrow: Here Is What To Expect
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