Categories Earnings, Industrials

Earnings preview: How will Q3 turn out for Navistar?

Navistar International Corporation (NYSE: NAV) is slated to report third quarter 2019 earnings results on Wednesday, September 4, before the market opens. Analysts expect the company to report earnings of $1.19 per share on revenue of $2.88 billion. In the trailing four quarters, the company has topped earnings estimates three times.

Navistar’s topline results are likely to benefit from strength in its core trucks and buses market. The company’s growth in market share is likely to drive revenue growth and aid in margin expansion. However, higher costs might put pressure on the bottom line numbers in the third quarter. Overall, the sentiment around the third quarter results appear to be positive.

Navistar reports second quarter 2019 earnings

The company plans to invest approx. $125 million in its manufacturing facilities in Alabama over the next three years. This is to produce next-generation big-bore powertrains developed with its global alliance partner TRATON.

Earlier this month, Navistar announced that its service partnership agreement with Love’s and Speedco has gone fully operational, launching the largest service network in North America for commercial vehicles.

Also see: Navistar Q2 2019 Earnings Report

In the second quarter of 2019, Navistar beat revenue and earnings estimates, with a 24% growth in revenue to $3 billion and a 57% growth in adjusted EPS to $1.05.

For full-year 2019, Navistar expects revenues to be $11.25 billion to $11.75 billion. Industry retail deliveries of Class 6-8 trucks and buses in the US and Canada are forecast to be 425,000 to 445,000 units, with Class 8 retail deliveries of 290,000 to 310,000 units. 

Shares of Navistar have fallen over 10% year-to-date and 27% in the past one month.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

Earnings calendar for the week of June 14

Latest economic data evoked mixed sentiment this week -- the rebound in economic activity has raised inflation concerns while jobless claims declined for the sixth week in a row. The

GameStop (GME) Earnings: Q1 loss narrows on 25% sales growth

Video game retailer GameStop Corp. (NYSE: GME), which has become the talk of the town after the unprecedented stock rally in recent weeks, reported a narrower loss for the first

Should you invest in Steel Dynamics (STLD) stock after 78% rally?

The steel industry managed to shrug off the pandemic blues earlier than expected as the recovery in industrial activity pushed up demand. With the vaccination drive and the government’s aggressive

Add Comment
Viewing Highlight