Analysts Are Updating Their Wabash National Corporation (NYSE:WNC) Estimates After Its Third-Quarter Results
Wabash National Corporation (NYSE:WNC) shareholders are probably feeling a little disappointed, since its shares fell 8.8% to US$11.74 in the week after its latest quarterly results. The results don't look great, especially considering that statutory losses grew 12% toUS$0.51 per share. Revenues of US$476,408,000 did beat expectations by 5.0%, but it looks like a bit of a cold comfort. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Wabash National after the latest results.
After the latest results, the dual analysts covering Wabash National are now predicting revenues of US$2.12b in 2027. If met, this would reflect a sizeable 40% improvement in revenue compared to the last 12 months. Wabash National is also expected to turn profitable, with statutory earnings of US$0.81 per share. In the lead-up to this report, the analysts had been modelling revenues of US$2.05b and earnings per share (EPS) of US$1.20 in 2027. While next year's revenue estimates increased, there was also a large cut to EPS expectations, suggesting the consensus has a bit of a mixed view of these results.
Check out our latest analysis for Wabash National
The consensus price target was unchanged at US$21.50, suggesting the business is performing roughly in line with expectations, despite some adjustments to profit and revenue forecasts.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Wabash National's past performance and to peers in the same industry. For example, we noticed that Wabash National's rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 31% growth to the end of 2027 on an annualised basis. That is well above its historical decline of 7.2% a year over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 6.9% annually. Not only are Wabash National's revenues expected to improve, it seems that the analysts are also expecting it to grow faster than the wider industry.
The Bottom Line
The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Wabash National. Pleasantly, they also upgraded their revenue estimates, and their forecasts suggest the business is expected to grow faster than the wider industry. The consensus price target held steady at US$21.50, with the latest estimates not enough to have an impact on their price targets.
Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At least one analyst has provided forecasts out to 2027, which can be seen for free on our platform here.
Plus, you should also learn about the 3 warning signs we've spotted with Wabash National (including 2 which are a bit unpleasant) .
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