Douglas Dynamics (PLOW) got here out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.19 per share a 12 months in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 5.41%. 1 / 4 in the past, it was anticipated that this snowplow maker would publish earnings of $0.23 per share when it really produced earnings of $0.24, delivering a shock of 4.35%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates 3 times.
Douglas Dynamics
The sustainability of the inventory’s rapid value motion primarily based on the recently-released numbers and future earnings expectations will principally rely on administration’s commentary on the earnings name.
Douglas Dynamics shares have added about 9.2% for the reason that starting of the 12 months versus the S&P 500’s acquire of two.2%.
What’s Subsequent for Douglas Dynamics?
Whereas Douglas Dynamics has outperformed the market up to now this 12 months, the query that involves traders’ minds is: what’s subsequent for the inventory?
There are not any straightforward solutions to this key query, however one dependable measure that may assist traders tackle that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified recently.
Empirical analysis reveals a powerful correlation between near-term inventory actions and traits in earnings estimate revisions. Traders can observe such revisions by themselves or depend on a tried-and-tested score software just like the Zacks Rank, which has a powerful observe file of harnessing the facility of earnings estimate revisions.
Forward of this earnings release, the estimate revisions pattern for Douglas Dynamics: blended. Whereas the magnitude and path of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out in step with the market within the close to future. You may see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It will likely be attention-grabbing to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is -$0.11 on $100.1 million in revenues for the approaching quarter and $1.85 on $602 million in revenues for the present fiscal 12 months.
Traders needs to be conscious of the truth that the outlook for the business can have a fabric influence on the efficiency of the inventory as nicely. By way of the Zacks Business Rank, Automotive – Substitute Elements is at the moment within the prime 25% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
One other inventory from the identical business, Dorman Merchandise (DORM), has but to report outcomes for the quarter ended December 2024. The outcomes are anticipated to be launched on February 26.
This distributor of elements to automotive retailers is predicted to publish quarterly earnings of $1.97 per share in its upcoming report, which represents a year-over-year change of +25.5%. The consensus EPS estimate for the quarter has remained unchanged over the past 30 days.
Dorman Merchandise’ revenues are anticipated to be $524.94 million, up 6.2% from the year-ago quarter.
Ought to You Put money into Douglas Dynamics, Inc. (PLOW)?
Earlier than you spend money on Douglas Dynamics, Inc. (PLOW), need to know the perfect shares to purchase for the following 30 days? Try Zacks Funding Analysis for our free report on the 7 best stocks to purchase.
Zacks Funding Analysis has been dedicated to offering traders with instruments and unbiased analysis since 1978. For greater than 1 / 4 century, the Zacks Rank stock-rating system has greater than doubled the S&P 500 with a mean acquire of +24.08% per 12 months. (These returns cowl a interval from January 1, 1988 via Might 6, 2024.)
Douglas Dynamics, Inc. (PLOW) : Free Stock Analysis Report
Dorman Products, Inc. (DORM) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
