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Q1 Overview: REV Group (NYSE:REVG) Compares to Other Heavy Transportation Equipment Stocks

Q1 Overview: REV Group (NYSE:REVG) Compares to Other Heavy Transportation Equipment Stocks

As the hectic earnings season draws to a close, we’re taking a look back at some of the most exciting (and some not so exciting) results from the first quarter. Today, we’re looking at stocks of heavy-duty transportation equipment companies, starting with REV Group (NYSE:REVG).

Heavy-duty equipment companies are investing in automated vehicles that increase efficiency and connected machines that collect actionable data. Some are also developing electric vehicles and mobility solutions to address customer concerns about carbon emissions, creating new sales opportunities. In addition, they are increasingly offering automated equipment that increases efficiency and connected machines that collect actionable data. On the other hand, heavy-duty equipment companies are exposed to the vagaries of economic cycles. For example, interest rates can greatly affect the construction and transportation volumes that drive demand for these companies’ offerings.

The 10 heavy haul equipment stocks we track reported a solid first quarter; on average, revenue beat analyst consensus estimates by 2.2%. Stocks – particularly those trading at higher multiples – had a strong end to 2023, but 2024 has been marked by periods of volatility. Mixed signals on inflation have led to uncertainty about rate cuts, and while some of the heavy haul equipment stocks have done a little better than others, they have declined overall, with share prices falling an average of 3.1% since the last earnings results.

REV Group (NYSE:REVG)

REV (NYSE:REVG), a conglomerate of 30 specialty vehicle brands, produces specialty vehicles such as ambulances, fire trucks, buses and recreational vehicles.

REV Group reported revenue of $616.9 million, down 9.4% year over year and beating analyst expectations by 2.6%. It was a very strong quarter for the company, with revenue and earnings per share beating expectations.

Total turnover of the REV Group

The stock has risen 1.9% since the results were announced and is currently trading at $25.26.

Is now the right time to buy REV Group? You can find our full analysis of the results here for free.

Best Q1: Wabtec (NYSE:WAB)

Westinghouse Air Brake Technologies (NYSE:WAB), also known as Wabtec, provides equipment, systems and related software for the railroad industry.

Wabtec reported revenue of $2.50 billion, up 13.8% year over year, and beating analysts’ expectations by 4.4%. It was an impressive quarter for the company, which impressively beat analysts’ organic revenue estimates.

Wabtec's total revenue

The stock has risen 6.4% since the results were announced and is currently trading at $158.

Is now the right time to buy Wabtec? You can find our full analysis of the earnings figures here for free.

Weakest Q1: Wabash (NYSE:WNC)

Wabash National (NYSE:WNC), headquartered in Indiana, is a diversified industrial company that primarily manufactures semi-trailers and liquid handling systems.

Wabash reported revenue of $515.3 million, down 17 percent year over year and in line with analysts’ expectations. It was a weak quarter for the company, which missed analysts’ earnings estimates and missed analysts’ revenue forecasts.

The stock has fallen 15.2% since the results were announced and is currently trading at $21.84.

Read our full analysis of Wabash’s results here.

Cummins (NYSE:CMI)

Cummins (NYSE: CMI) manufactured the first commercially available diesel engine in 1933 and designs and manufactures engines for use in cars, trucks, heavy equipment and other types of vehicles.

Cummins reported revenue of $8.40 billion, down 0.6 percent year over year and missing analysts’ expectations by 0.5 percent. It was a weaker quarter for the company, which missed analysts’ revenue estimates.

Cummins performed the weakest among its peers compared to analyst estimates. The stock has fallen 4.1% since the results were released and is currently trading at $272.08.

Read our full, actionable report on Cummins for free here.

Oshkosh (NYSE:OSK)

Oshkosh (NYSE:OSK) manufactures specialty vehicles for the defense, fire, rescue and commercial industries and operates several subsidiary brands in each industry.

Oshkosh reported revenue of $2.54 billion, up 12.2% year over year and beating analyst expectations by 2.2%. It was a very strong quarter for the company, impressively beating analysts’ earnings estimates and significantly exceeding analysts’ revenue forecasts.

The stock has fallen 12.7% since the results were announced and is currently trading at $105.97.

Read our full, actionable report on Oshkosh for free here.

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