RUSHA Earnings Prediction
The chart below shows how RUSHA performed 10 days before and after its earnings report, based on data from the past quarters. Typically, RUSHA sees a -0.51% change in stock price 10 days leading up to the earnings, and a +0.23% change 10 days following the report. On the earnings day itself, the stock moves by -0.01%. This data can give you a slight idea of what to expect for the next quarter's release.
RUSHA Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.90B
-4.27%
-6.46%
Gross Margin
18.98%
-0.68%
2.37%
Operating Margin
6.34%
3.43%
3.26%
Net Margin
4.19%
2.95%
7.71%
EPS
0.97
1.04%
0.00%
No Data Available
RUSHA Earnings Analysis
Rush Enterprises Inc Corporation (RUSHA.O) Earnings Conference Call
Positive
Strong Financial Performance: 1. Record Revenues: Rush Enterprises reported revenues of $1.9 billion for Q3 2024, demonstrating strong financial performance despite industry challenges.
Net Income Improvement: 2. Increased Net Income: The company achieved a net income of $79.1 million, translating to $0.97 per diluted share, showcasing effective cost management and operational efficiency.
Medium-Duty Truck Demand: 3. Strong Class 4-7 Truck Sales: New truck sales in the Class 4 through 7 segment reached 3,379 units, capturing 5% of the US market, indicating robust demand in the medium-duty space.
Aftermarket Sales Improvement: 4. Positive Aftermarket Sales Growth: Parts service and body shop revenues totaled $633 million, showing a slight sequential improvement over the previous quarter, particularly in service sales.
Dividend Announcement: 5. Dividend Declaration: Rush Enterprises declared a cash dividend of $0.18 per share for both Class A and Class B common stock, reflecting the company's commitment to returning value to shareholders.
Negative
Class 8 Truck Sales Decline: 1. Decline in Class 8 Truck Sales: Class 8 retail sales decreased by 3.5% year-over-year, with only 3,604 new trucks sold in Q3 2024, representing just 5.3% of the total US Class 8 market.
Aftermarket Revenue Decline: 2. Weak Aftermarket Revenue: Parts service and body shop revenues reached $633 million, down 1.6% from Q3 2023, indicating ongoing challenges in the aftermarket segment despite slight sequential growth.
Competitive Pricing Challenges: 3. High Inventory Levels: The company anticipates that high inventory levels across the industry will keep pricing competitive, making sales challenging through the first half of 2025.
Rising Operating Expenses: 4. Increased Operating Expenses: General and administrative expenses rose by 7.7% compared to Q3 2023, indicating rising costs that could impact profitability moving forward.
Hurricane Helene Impact: 5. Negative Impact from Hurricane Helene: The company incurred a one-time pretax charge of $3.3 million due to property damage from Hurricane Helene, negatively affecting net income for the quarter.
RUSHA FAQs
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RUSHA Earning Call Sentiment
Rush Enterprises, Inc. (RUSHA) Q3 2024 Earnings Call Transcript
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RUSHA.O
-0.02%Positive
The earnings call presents a mixed outlook. While revenue and net income show solid performance, high interest rates, economic uncertainty, and weak used truck demand weigh negatively. Management's optimistic guidance for vocational sales and infrastructure spending provides a positive offset. The Q&A reveals a cautious approach to inventory management and cost reductions, with some concerns over technician availability. The cash dividend declaration is positive, but lack of a share repurchase program is neutral. Considering the market cap and absence of strong catalysts, a neutral stock price movement is expected over the next two weeks.
