Navistar (NAV) got here out with quarterly earnings of $1.14 per share, beating the Zacks Consensus
Navistar (NAV) got here out with quarterly earnings of $1.14 per share, beating the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $1.89 per share a yr in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of 28.09%. 1 / 4 in the past, it was anticipated that this truck and engine maker would publish earnings of $1.12 per share when it truly produced earnings of $1.47, delivering a shock of 31.25%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates thrice.
Navistar, which belongs to the Zacks Automotive – Authentic Gear business, posted revenues of $2.78 billion for the quarter ended October 2019, surpassing the Zacks Consensus Estimate by 0.16%. This compares to year-ago revenues of $3.32 billion. The corporate has topped consensus income estimates 4 occasions during the last 4 quarters.
The sustainability of the inventory’s fast worth motion primarily based on the…