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Rush Enterprises B (RUSHB)
NASDAQ:RUSHB
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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
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2018
|% Change Since: 21.34%
|Next Earnings Date:Jul 24, 2018
Earnings Call Sentiment|Neutral
The earnings call presents a mixed outlook for Rush Enterprises, Inc. While the company has shown resilience and strategic success in certain segments like medium-duty trucks and aftermarket sales, challenges from economic conditions and geographical market constraints continue to impact performance. The company has managed to control expenses effectively, which is a positive aspect. However, ongoing challenges in the Class 8 truck market and specific regional issues, such as those in California, remain hurdles.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 related to Hurricane Helene, EPS would have been $1 per share. Despite challenges such as low freight rates and high interest rates affecting Class 8 truck demand, the company noted strength in Class 8 vocational and public sector customers and a robust performance in Class 4 through 7 sales. Aftermarket revenues rose slightly from the second quarter, reaching $633 million, though they were down 1.6% from the previous year. The company also highlighted strong Class 4 through 7 new truck sales with 3,379 units sold, representing 5% of the U.S. market. Used truck sales saw a modest increase, with 1,829 units sold, up 1.8% year-over-year. Despite ongoing market challenges, Rush Enterprises remains optimistic, anticipating a gradual return to more normal conditions in early 2025, bolstered by strong vocational demand and strategic inventory management.Solid Third Quarter Financial Performance
Reported revenues of $1.9 billion and net income of $79.1 million, equating to $0.97 per diluted share. Excluding a one-time pretax charge due to hurricane-related damages, EPS would have been $1 per share. Declared a cash dividend of $0.18 per share for both Class A and Class B common stock.
Aftermarket Revenue and Strategy Success
Parts, service, and body shop revenues reached $633 million. Despite a 1.6% decrease from the previous year, the sequential growth indicates a positive trend, driven by strategy execution.
Medium-Duty and Vocational Truck Market Performance
Class 4 through 7 truck sales accounted for 5% of the U.S. market and 2.9% in Canada, with ACT Research projecting a slight 2.5% increase in sales for 2024. Vocational and public sector markets remain strong.
Used Truck Sales Improvement
Sold 1,829 used trucks, up 1.8% year-over-year. Depreciation rates for used trucks have stabilized, leading to positive results.
Effective Expense Management
Operating expenses reduced effectively, contributing to maintaining a solid financial position despite revenue challenges.
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RUSHB 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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RUSHB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $47.24 | $50.85 | +7.64% |
| Jul 31, 2024 | $46.94 | $50.18 | +6.90% |
| Apr 23, 2024 | $45.94 | $43.04 | -6.31% |
| Feb 13, 2024 | $47.86 | $48.74 | +1.84% |
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 B (RUSHB) report earnings?
Rush Enterprises B (RUSHB) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is Rush Enterprises B (RUSHB) earnings time?
Rush Enterprises B (RUSHB) 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 RUSHB EPS forecast?
RUSHB EPS forecast for the fiscal quarter 2024 (Q4) is 0.84.
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