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Commercial Vehicle (CVGI) to Post Q4 Earnings: What to Expect
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Commercial Vehicle Group, Inc. (CVGI - Free Report) is set to release fourth-quarter fiscal 2021 results on Mar 10, before the opening bell. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings per share and revenues is pegged at 4 cents and $188 million, respectively.
The automotive equipment supplier posted a profit of 21 cents per share in the last reported quarter against the Zacks Consensus Estimate of a loss of 7 cents. The outperformance stemmed from higher-than-anticipated revenues and operational efficiency. Over the trailing four quarters, Commercial Vehicle Group surpassed the Zacks Consensus Estimate on three occasions and missed once, with the average surprise being 106.6%. This is depicted in the graph below:
Commercial Vehicle Group, Inc. Price and EPS Surprise
The Zacks Consensus Estimate for fourth-quarter earnings per share has been unchanged over the past 90 days. The bottom-line estimate for the to-be reported quarter signals a significant turnaround from the year-ago loss of 24 cents per share. Moreover, the Zacks Consensus Estimate for quarterly revenues indicates no change from the year-ago level.
Factors at Play
With the economy recovering from coronavirus blues, auto sales across the globe has been increasing, which is expected to buoy fourth-quarter results of this auto equipment provider. Heavy-duty truck production in North America and global construction markets has been gradually picking pace, and is likely to aid Commercial Vehicle’s results for the quarter to be reported.
In addition to commercial vehicle markets, the company’s results are likely to reflect positive contributions from the warehouse automation market. High warehouse automation and military revenues on the back of the First Source Electronics buyout is anticipated to have boosted Commercial Vehicle’s overall earnings. Sharp focus on electric vehicles and e-commerce is also likely to have improved revenues.
Having said that, the company might have bore the brunt of rising expenses, as it lifted temporary cost actions like compensation reduction that it had resorted to in 2020 amid coronavirus-led financial uncertainty. Also, margins are likely to have been dented to a certain extent owing to investments in electrified product offerings, digital ramp-up and more hiring of new staff.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for Commercial Vehicle this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
Earnings ESP: The company has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
Image: Bigstock
Commercial Vehicle (CVGI) to Post Q4 Earnings: What to Expect
Commercial Vehicle Group, Inc. (CVGI - Free Report) is set to release fourth-quarter fiscal 2021 results on Mar 10, before the opening bell. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings per share and revenues is pegged at 4 cents and $188 million, respectively.
The automotive equipment supplier posted a profit of 21 cents per share in the last reported quarter against the Zacks Consensus Estimate of a loss of 7 cents. The outperformance stemmed from higher-than-anticipated revenues and operational efficiency. Over the trailing four quarters, Commercial Vehicle Group surpassed the Zacks Consensus Estimate on three occasions and missed once, with the average surprise being 106.6%. This is depicted in the graph below:
Commercial Vehicle Group, Inc. Price and EPS Surprise
Commercial Vehicle Group, Inc. price-eps-surprise | Commercial Vehicle Group, Inc. Quote
Trend in Estimate Revisions
The Zacks Consensus Estimate for fourth-quarter earnings per share has been unchanged over the past 90 days. The bottom-line estimate for the to-be reported quarter signals a significant turnaround from the year-ago loss of 24 cents per share. Moreover, the Zacks Consensus Estimate for quarterly revenues indicates no change from the year-ago level.
Factors at Play
With the economy recovering from coronavirus blues, auto sales across the globe has been increasing, which is expected to buoy fourth-quarter results of this auto equipment provider. Heavy-duty truck production in North America and global construction markets has been gradually picking pace, and is likely to aid Commercial Vehicle’s results for the quarter to be reported.
In addition to commercial vehicle markets, the company’s results are likely to reflect positive contributions from the warehouse automation market. High warehouse automation and military revenues on the back of the First Source Electronics buyout is anticipated to have boosted Commercial Vehicle’s overall earnings. Sharp focus on electric vehicles and e-commerce is also likely to have improved revenues.
Having said that, the company might have bore the brunt of rising expenses, as it lifted temporary cost actions like compensation reduction that it had resorted to in 2020 amid coronavirus-led financial uncertainty. Also, margins are likely to have been dented to a certain extent owing to investments in electrified product offerings, digital ramp-up and more hiring of new staff.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for Commercial Vehicle this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
Earnings ESP: The company has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Commercial Vehicle — whose peers include Magna International (MGA - Free Report) , Meritor and American Axle & Manufacturing (AXL - Free Report) — carries a Zacks Rank of 3 currently. You can see the complete list of today’s Zacks #1 Rank stocks here.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
See the 5 high-tech stocks now>>