Categories AlphaGraphs, Analysis, Earnings

Earnings Preview: Navistar likely to stay on growth path for Q3

Navistar International (NAV) is set to report third quarter 2018 earnings results on Thursday before the market opens. For the third quarter, analysts estimate sales to come in at $2.6 billion which would reflect a growth of over 20% from the same period last year. EPS for the quarter is estimated to be around $0.91.

For the second quarter of 2018, the company posted a 16% growth in revenues to $2.4 billion along with a net income of $55 million or $0.55 per share. The earnings results were in comparison to a net loss of $80 million or $0.86 per share in last year’s second quarter.

Last quarter, the company saw revenue growth across all its segments, barring Parts, fuelled mainly by higher volumes and mix shifts. The decline in Parts was caused partly by lower volumes in the US.

For the full year of 2018, Navistar guided for revenues of $9.75 billion to $10.25 billion. Analysts believe the company could post revenues of $9.9 billion along with earnings of $2.25 per share this year.

The company has a track record of beating earnings estimates and analysts believe this might continue for the third quarter too. Navistar is likely to post growth in revenue and earnings which could give the stock a lift unless some other negative factor catches the attention of investors.

Navistar’s shares were down 3.19% at $42.18 when the market closed Tuesday. The stock is down 1.6% thus far this year and has gained 22% in the past one year.

Related: Navistar Q2 2018 Earnings Infographic

Navistar second quarter 2018 earnings

Most Popular

What to look for when CVS Health (CVS) reports Q3 earnings

Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain

eBay (EBAY): A few factors that helped drive growth in Q3 2024

Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,

CVX Earnings: Chevron reports lower revenue and profit for Q3 2024

Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top