REV Group swings lower after cutting its full-year outlook due to soft RV demand [Seeking Alpha]
REV Group, Inc. (REVG)
Last rev group, inc. earnings: 3/4 04:30 pm
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US:NYSE Investor Relations:
investors.revgroup.com
Company Research
Source: Seeking Alpha
For the full year, REV Group ( REVG ) sees adjusted EBITDA falling in a range of $155.0 million to $165.0 million (midpoint $160.0 million) vs. $159.0 million consensus and a prior view of $151.0 million to $165.0 million. REV Group ( REVG ) expects full-year sales of $2.35 billion to $2.45 billion (midpoint $2.40 billion) vs. $2.44 billion consensus and previous guidance for $2.40 billion to $2.50 billion. During the earnings conference call ( transcript ), REV Group ( REVG ) management noted that the update to guidance included an approximate $50 million total revenue reduction related to softer than expected RV demand and resulting earnings impact as the company continues to manage 15% detrimental margin with aggressive cost actions. Looking ahead, REV Group ( REVG ) expects that the lower RV performance will be more than offset by improvements in the fire and emergency businesses. Shares of REV Group ( REVG ) were down at 1:10 p.m. on Wednesday, but are still showing a year-t
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REVG
News
- REV Group, Inc. (NYSE: REVG) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- REV Group to Participate in the Morgan Stanley 12th Annual Laguna ConferenceBusiness Wire
- REV Group, Inc. (NYSE: REVG) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $22.00 to $25.00. They now have a "sell" rating on the stock.MarketBeat
- REV Group, Inc. (NYSE: REVG) had its "buy" rating re-affirmed by analysts at DA Davidson. They now have a $33.00 price target on the stock.MarketBeat
- Why REV Group (REVG) Shares Are Plunging Today [Yahoo! Finance]Yahoo! Finance
REVG
Earnings
- 9/4/24 - Beat
REVG
Sec Filings
- 9/20/24 - Form 4
- 9/10/24 - Form SC
- 9/6/24 - Form 4
- REVG's page on the SEC website