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Commercial Vehicle Group (CVGI) To Report Earnings Tomorrow: Here Is What To Expect
Yahoo Financeยท 2025-11-09 03:04
Core Insights - Commercial Vehicle Group (CVGI) is set to report earnings, with analysts expecting a revenue decline of 8.4% year on year to $157.4 million, an improvement from the previous year's 15.3% decrease [2] - The company previously exceeded revenue expectations by 6.4%, reporting $172 million in revenue, despite an 11.2% year-on-year decline [1][3] - Analysts have maintained their estimates, indicating confidence in the company's performance heading into earnings [3] Financial Performance - Last quarter, CVGI reported revenues of $172 million, down 11.2% year on year, but beat analysts' expectations by 6.4% [1] - The adjusted loss for the upcoming quarter is expected to be -$0.12 per share [2] - The company has a history of exceeding Wall Street's revenue estimates, averaging a 5.1% beat since going public [3] Industry Context - Peers in the heavy transportation equipment segment have shown mixed results, with Cummins reporting a 1.6% revenue decline but beating expectations by 5%, while Douglas Dynamics saw a 25.3% revenue increase but fell short of estimates by 0.7% [4] - Overall, the heavy transportation equipment segment has experienced positive sentiment, with average share prices up 2.2% over the last month, contrasting with CVGI's 16.3% decline during the same period [5]