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Rush Enterprises A (RUSHA)
NASDAQ:RUSHA
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.84Last Year’s EPS
0.95Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2018
|% Change Since: 12.66%
|Next Earnings Date:Jul 24, 2018
Earnings Call Sentiment|Neutral
The call presented a balanced view with strong revenue and effective cost management highlighted, but also noted challenges like high industry inventory and low freight rates impacting Class 8 truck sales. The company appears to be managing well despite market headwinds.Company Guidance
During the third-quarter 2024 earnings call for Rush Enterprises, the company reported revenues of $1.9 billion and a net income of $79.1 million, translating to $0.97 per diluted share. Excluding a one-time pretax charge of $3.3 million due to Hurricane Helene-related property damage, the earnings per share (EPS) would have been $1. The company declared a cash dividend of $0.18 per share for both Class A and Class B common stock. In truck sales, 3,604 new Class 8 trucks were sold, accounting for 5.3% of the U.S. market, while Class 4 through 7 truck sales reached 3,379 units. Used truck sales also showed improvement, with 1,829 units sold, marking a 1.8% increase year-over-year. The aftermarket segment experienced a slight revenue increase over the previous quarter, with parts, service, and body shop revenues totaling $633 million, down 1.6% from the same quarter in 2023. Looking ahead, the company expects a slight uptick in Class 8 truck sales for the fourth quarter, though high inventory levels may keep pricing competitive. Additionally, ACT Research forecasts a total of 264,000 new Class 8 sales in the U.S. and Canada for 2024, down 12.5% from the previous year. Despite ongoing challenges like low freight rates and high interest rates, Rush Enterprises remains optimistic, seeing strength in vocational and public sector markets and anticipating a gradual return to more normal market conditions by early 2025.Solid Revenue and Net Income
Reported revenues of $1.9 billion and net income of $79.1 million, equating to $0.97 per diluted share.
Aftermarket Sales Improvement
Slight revenue improvement in the aftermarket space over the second quarter, particularly in service sales.
Medium-Duty Truck Demand
Strong demand in medium-duty trucks, accounting for 5% of the U.S. market and 2.9% in Canada.
Used Truck Sales Growth
Sold 1,829 used trucks in the third quarter, marking a 1.8% year-over-year increase.
Effective Inventory Management
Improved management of inventory levels, particularly in used trucks, leading to positive results.
Vocational and Public Sector Strength
Continued strong performance in vocational and public sector segments.
Cost Management Success
Effective cost management, with G&A expenses up only 4.5% sequentially and 7.7% year-over-year.
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RUSHA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RUSHA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $54.72 | $58.18 | +6.32% |
| Jul 31, 2024 | $50.68 | $54.50 | +7.54% |
| Apr 23, 2024 | $48.73 | $45.97 | -5.66% |
| Feb 13, 2024 | $45.64 | $46.42 | +1.71% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Rush Enterprises A (RUSHA) report earnings?
Rush Enterprises A (RUSHA) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is Rush Enterprises A (RUSHA) earnings time?
Rush Enterprises A (RUSHA) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RUSHA EPS forecast?
RUSHA EPS forecast for the fiscal quarter 2024 (Q4) is 0.84.
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