Custom Truck One Source, Inc. (CTOS) Reports Q3 Loss, Misses Revenue Estimates

Financial Performance - Custom Truck One Source, Inc. reported a quarterly loss of $0.07 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.03, and compared to earnings of $0.04 per share a year ago, indicating an earnings surprise of -133.33% [1] - The company posted revenues of $447.22 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 0.64%, and this represents an increase from year-ago revenues of $434.35 million [2] - Over the last four quarters, the company has not surpassed consensus EPS estimates and has topped consensus revenue estimates only once [2] Stock Performance - Custom Truck One Source shares have declined approximately 41.3% since the beginning of the year, while the S&P 500 has gained 22.3% [3] - The current Zacks Rank for the stock is 5 (Strong Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.04 on revenues of $564.8 million, and for the current fiscal year, it is -$0.13 on revenues of $1.85 billion [7] - The trend for estimate revisions ahead of the earnings release has been unfavorable, which could impact future stock performance [6] Industry Context - The Automotive - Original Equipment industry, to which Custom Truck One Source belongs, is currently ranked in the bottom 24% of over 250 Zacks industries, suggesting a challenging environment [8]