What to Expect from Shyft Group's Earnings

Shyft Group (NASDAQ:SHYF) is gearing up to announce its quarterly earnings on Thursday, 2024-10-24. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Shyft Group will report an earnings per share (EPS) of $0.18.

The announcement from Shyft Group is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Overview of Past Earnings

The company's EPS beat by $0.07 in the last quarter, leading to a 1.47% increase in the share price on the following day.

Here's a look at Shyft Group's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.09

-0.17

-0.03

0.12

EPS Actual

0.16

-0.04

-0.03

0.19

Price Change %

1.0%

0.0%

-1.0%

-4.0%

Tracking Shyft Group's Stock Performance

Shares of Shyft Group were trading at $11.96 as of October 22. Over the last 52-week period, shares are up 0.83%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Insights on Shyft Group

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Shyft Group.

The consensus rating for Shyft Group is Buy, derived from 1 analyst ratings. An average one-year price target of $18.0 implies a potential 50.5% upside.

Peer Ratings Comparison

This comparison focuses on the ...