REV Group, Signet Jewelers, and The Toro Company: Quarterly Numbers and Market Reactions
- June 08th, 2023
- 229 views
REV Group, Inc. (NYSE: REVG) has announced its second-quarter fiscal 2023 results, with adjusted earnings per share (EPS) of $0.35, surpassing the consensus estimate of $0.18.
Additionally, the company has raised its full-year fiscal 2023 net sales outlook to $2.45 to $2.55 billion, up from the previous guidance of $2.30 to $2.50 billion.
In a strategic move, REV Group's board of directors has approved a new $175.0 million share repurchase authorization, effective immediately.
In pre-market, $REVG is currently trading at $13.45, experiencing a notable increase of $1.69 or 14.36%.
Signet Jewelers Limited (NYSE: SIG) reported first-quarter fiscal 2024 adjusted EPS of $1.78, surpassing the consensus estimate of $1.49.
However, the company's updated fiscal 2024 guidance reflects a recent deceleration of trends, including softer-than-expected Mother's Day sales, increasing macro-economic pressures on consumers, and intensified competitive discounting. As a result, Signet Jewelers expects its adjusted EPS for the full fiscal year 2024 to be between $9.49 and $10.09, compared to the consensus estimate of $11.11.
$SIG is currently trading at $62.58 in pre-market, reflecting a decrease of $6.94 or 9.98%.
The Toro Company (NYSE: TTC) reported second-quarter fiscal 2023 adjusted EPS of $1.58, slightly surpassing the consensus estimate of $1.52.
For the full-year fiscal 2023, the company has narrowed its guidance, anticipating net sales growth in the range of 7% to 8% and adjusted diluted EPS in the range of $4.70 to $4.80. However, the consensus EPS estimate for the period stands at $4.85.
In pre-market, $TTC is currently trading at $100.62, down $4.04 or 3.86%
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