Snow and ice equipment company Douglas Dynamics (NYSE: PLOW) will be announcing earnings results tomorrow after market hours. Here’s what to expect.
Douglas Dynamics missed analysts’ revenue expectations by 7.5% last quarter, reporting revenues of $143.5 million, up 6.9% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ EPS estimates.
Is Douglas Dynamics a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Douglas Dynamics’s revenue to grow 12.7% year on year to $107.8 million, slowing from the 15.9% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.01 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Douglas Dynamics has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Douglas Dynamics’s peers in the heavy transportation equipment segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Shyft delivered year-on-year revenue growth of 3.4%, beating analysts’ expectations by 2.8%, and Federal Signal reported revenues up 9.2%, topping estimates by 1%. Shyft traded up 18.1% following the results while Federal Signal was also up 11.4%.
Read our full analysis of Shyft’s results here and Federal Signal’s results here.
There has been positive sentiment among investors in the heavy transportation equipment segment, with share prices up 13% on average over the last month. Douglas Dynamics is up 9.6% during the same time and is heading into earnings with an average analyst price target of $33.67 (compared to the current share price of $24.53).
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