REV Group Inc. [NYSE:REVG] will report earnings after markets close on Thursday, January 7th.
REVG Earnings Forecast For The Current Quarter
REV Group Inc. [REVG] is expected to report strong earnings results for the quarter ending on Oct 2020. Consensus estimates give the company expected revenues of $616.74M and an earnings per share of $0.16 for Oct 2020. Looking further ahead, the company is expected to report revenue of $524.39M at an EPS of $0.04 for Jan 2021. The estimates represent downside of 5.10% and 348.78% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
REVG Earnings Estimates For The Current Year
For the financial year, REV Group Inc. [NYSE:REVG] is expected to bring in revenue of $2.28B. The returns are nearly $-120.0 million lower than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 0.12, lower than that of FY19 by -$0.36. Estimates put this year’s earnings growth at -75.00%, 358.30% for the next, and at an annual 15.82% over the next 5-year period. As for sales, forecasts are for a decrease of -5.00% in the current fiscal year and a further 5.10% over the following year.
REVG Price Performance
On Wall Street, REV Group Inc. [NYSE:REVG] finished Tuesday’s session up 3.78% at $9.06. The stock went up to $9.15 at the same session while its lowest single day price was $8.65. In the last five days, it saw a fall of about -2.69%, REV Group Inc. shares gained by almost 2.84% since the beginning of the year. However, the share price has dropped to as low as -24.37% below its one year high. On 01/05/21, the company shares recorded $9.15, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $8.61. The company’s shares have declined by -23.61% in the past year. The 50-day SMA achieved is $9.06 while the 200-day SMA is $7.06. Volume gained to 0.25 million from 0.15 million in the previous session.
REVG Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 8.76 level, and in case of violation of this particular level, it will cause more drop to 8.45 level. On the upper level, 9.45 is still the key resistance. The stock may increase to the subsequent resistance at 9.26. The Relative Strength Index (RSI) pinned on the 14-day chart is 47.70, implying a neutral technical stance while the MACD stands at -0.34, meaning price will decrease in the next trading period. Percent R indicator moved to 75.54%, implying bearish price movement. Stochastic %K at 12.95% suggest buying the stock.
Is REV Group Inc. [NYSE:REVG] a Good Buy Right Now?
It should be noted that REVG technical indicators for short, intermediate as well as long term progress have placed an overall average of 64% as Buy. The average signal changed from 72% Buy in the last week and compares with 100% Buy in the past month. Data from REV Group Inc.’s Trend Spotter indicated that the signals were Weakest. The stock current average is 0.23 million shares in the past 20 days and the short term average signal indicates a 50% Buy. In the last 50 days, the average trading volume was 0.22 million shares while the medium term average advocated for 75% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.26 million shares.
What is the short interest in REV Group Inc.?
Short interest in the REV Group Inc. stock has surged, increasing by 100000.0 shares to total 1.15 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 1.25 million, data from Yahoo Finance shows. The decrease of -8.7% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 4.17% of the overall float for the stock.
REV Group Inc.’s Biggest Shareholders: Who Owns REV Group Inc. [REVG]?
Filings by Pzena Investment Management LLC showed that the firm now holds a total of 4,275,184 shares or roughly 6.74% of the outstanding REVG shares. This means their shares have increased by 278,133 from the 4,275,184 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, Van Berkom & Associates, Inc. updated stake is worth $26,675,104. Details in the latest 13F filings reveal that The Vanguard Group, Inc. disposed off their -3.30% stake valued at $20,452,971 while AllianceBernstein LP added theirs at $19,884,138. During the last quarter, The Vanguard Group, Inc. liquidated -75,550 of its shares in REV Group Inc. while AllianceBernstein LP bought 2,083,089 shares. The Dimensional Fund Advisors LP’s holdings currently number 1,862,173 shares at $16871287.38. According to the firm’s last 13F report, BlackRock Fund Advisors shares in the company at filing stood at 1,705,822 shares, roughly $15,761,795.
What are analyst thoughts on REV Group Inc.?
Looking forward to the REV Group Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for REV Group Inc. stock at $10.00 within the next 12 months, which represents almost 9.4 per cent growth from its previous closing price of $9.06. The highest analysts’ target for REV Group Inc. stock projections is $10.00 and the lowest one is $7.00. Still, 4 analysts sharing their consensus rating for REVG stock in 2021 agree that it is a Hold.