SHYF Earnings Prediction
The chart below shows how SHYF performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SHYF sees a +5.34% change in stock price 10 days leading up to the earnings, and a +6.41% change 10 days following the report. On the earnings day itself, the stock moves by -1.81%. This data can give you a slight idea of what to expect for the next quarter's release.
SHYF Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
194.07M
-3.60%
0.67%
Gross Margin
20.41%
11.77%
-3.04%
Operating Margin
3.47%
52.86%
19.24%
Net Margin
1.61%
-28.12%
43.75%
EPS
0.09
-30.77%
50.00%
No Data Available
SHYF Earnings Analysis
The Shyft Group, Inc. Common Stock Corporation (SHYF.O) Earnings Conference Call
Positive
Adjusted EBITDA Increase: In the third quarter, we increased adjusted EBITDA by 31% versus the prior year and achieved 10.5% adjusted EBITDA excluding EV spending.
Fleet Margin Expansion: Our fleet vehicles and services business has expanded margins to 9.3% of sales, demonstrating consistent sequential improvements since the start of the year.
Cash Flow and Growth: We generated solid cash flow year-to-date and leveraged the strength of our balance sheet to accelerate our growth as evidenced by the acquisition of independent truck outfitters.
Team Engagement and Improvement: In the third quarter, we achieved better results and the team is engaged to execute further improvements.
Quarterly Adjusted EBITDA Growth: Adjusted EBITDA for the quarter grew to $14.3 million or 7.4% of sales, up from $11 million or 5.5% of sales in the third quarter of 2023.
Negative
Quarterly Sales Decline: Sales for the third quarter were $194.1 million, down 4% from $201.3 million in the prior year quarter.
Net Income Decline: Net income was $3.1 million or $0.09 per share, compared to net income of $4.5 million or $0.13 per share in the previous year.
Adjusted EBITDA Increase: Adjusted EBITDA grew to $14.3 million or 7.4% of sales, up from $11 million or 5.5% of sales in the third quarter of 2023, indicating a significant increase despite lower sales volume.
Sales Decline in Fleet Services: Fleet Vehicles and Services achieved sales of $105.9 million, down 15% from a year ago as customer vehicle purchases remained slow.
Backlog Decline Analysis: Quarter end backlog for FVS was $268 million, down 18% versus the end of 2023.
SHYF FAQs
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SHYF Earning Call Sentiment
The Shyft Group, Inc. (SHYF) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
SHYF.O
0.93%Positive
Basic Financial Performance: 2 (Sales decline and backlog reduction indicate challenges)\nProduct Development and Business Update: 3 (Blue Arc program ramp-up is positive, but EV adoption concerns exist)\nMarket Strategy: 3 (Strategic acquisitions, but integration risks present)\nExpenses and Financial Health: 3 (Improved EBITDA, but economic uncertainty)\nShareholder Return Plan: 2 (No buyback or dividend)\nQ&A insights highlight concerns about breakeven and unclear guidance, further supporting a negative sentiment. Overall, the financial decline and lack of clear positive catalysts suggest a negative stock price movement.