Recap: Rush Enterprises Q1 Earnings

Shares of Rush Enterprises RUSHA were flat in after-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share increased 27.42% over the past year to $0.79, which beat the estimate of $0.51.

Revenue of $1,232,000,000 declined by 4.27% from the same period last year, which missed the estimate of $1,280,000,000.

Outlook

Rush Enterprises hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Price Action

Company's 52-week high was at $86.62

52-week low: $35.06

Price action over last quarter: Up 17.80%

Company Overview

Rush Enterprises is the only publicly traded, standalone commercial truck dealer in North America. With 120 locations, it sells 5.6% of new class 8 trucks as the largest truck dealer on the continent. Vehicle sales include class 4-8 new trucks as well as range of used commercial vehicles. Aftermarket parts and service are key drivers of profitability as they generate approximately 30% of revenue and 65% of gross profit. Rush's class 8 customers include large fleets (32%), mid-size fleets (16%), vocational customers (40%), and owner-operators (12%). In 2019, Rush generated $5.8 billion in revenue.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsBZI-Recaps
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!