The Shyft Group (SHYF) Beats Q1 Earnings and Revenue Estimates

Group 1 - The Shyft Group reported quarterly earnings of $0.07 per share, exceeding the Zacks Consensus Estimate of a loss of $0.10 per share, compared to a loss of $0.04 per share a year ago [1] - The earnings surprise for the quarter was 170%, with the company having surpassed consensus EPS estimates three times over the last four quarters [2] - The company posted revenues of $204.6 million for the quarter, surpassing the Zacks Consensus Estimate by 1.34%, and compared to revenues of $197.89 million a year ago [3] Group 2 - The Shyft Group shares have declined approximately 37.8% since the beginning of the year, while the S&P 500 has declined by 8.6% [4] - The current consensus EPS estimate for the upcoming quarter is $0.15 on revenues of $217.5 million, and for the current fiscal year, it is $0.82 on revenues of $898.8 million [8] - The Automotive - Original Equipment industry, to which The Shyft Group belongs, is currently ranked in the bottom 36% of over 250 Zacks industries, indicating potential underperformance compared to higher-ranked industries [9]