Shyft Group Inc reports results for the quarter ended March 31 - Earnings Summary

• Shyft Group Inc SHYF.OQ reported quarterly adjusted earnings of 7 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -4 cents. The mean expectation of three analysts for the quarter was for a loss of 10 cents per share. Wall Street expected results to range from -12 cents to -8 cents per share.

• Revenue rose 3.4% to $204.60 million from a year ago; analysts expected $198.97 million.

• Shyft Group Inc's reported EPS for the quarter was a loss of 4 cents​.

• The company reported a quarterly loss of $1.44 million.

• Shyft Group Inc shares had fallen by 9.8% this quarter and lost 37.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 180% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the auto & truck manufacturers peer group is also "hold"

• Wall Street's median 12-month price target for Shyft Group Inc is $15.50

This summary was machine generated from LSEG data April 24 at 01:09 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)