Earnings from Wabash National Corporation [WNC] are scheduled on April 28, 2021, before the market opens. It is expected that the company will report strong earnings for the quarter ending Mar 2021.
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WNC Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn -$0.01 per share on revenue of $407.29M. Taking a look at the future, the company is projected to report revenue of $492.04M at an earnings per share of $0.19 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 11.70% in revenue and 84.11% in earnings per share for the company.
WNC Stock Earnings Forecast For The Current Year
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For the full financial year, Wabash National Corporation [NYSE:WNC] is forecasted to generate revenue of $1.94B. The figure is about $460.0 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $0.77 in 2021, which is $0.62 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 413.30% this year, 83.10% next year, and 15.00% annually over the next five years. With regard to sales, forecasts suggest an incline of 31.00% in current fiscal year and 11.70% over following year.
WNC Stock Price Performance
At the close of Tuesday’s session, Wabash National Corporation [NYSE:WNC] finished up 0.38% at $18.57. The stock’s highest single-day price was $18.59, and its lowest was $18.23. Its price rose 2.15% in the last five days. Since the beginning of the year, Wabash National Corporation’s shares are up nearly 7.78%. However, the share price is -9.64% below its one year high. The top price reached by the shares of the company was $20.55 on 03/12/21, while the 52-week low came on 02/01/21, when the shares were $15.47. In the past year, shares of the company have risen 141.80%. At 50 days, the moving average achieved is $18.38 while at 200 days, the moving average is $15.66. There were 0.33 million shares traded in the last session, up from 0.3 million in the previous session.
Wabash National Corporation [NYSE:WNC] Stock Valuation Metrics
Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 0.64 PS value ratio is reported for the last one year of reported earnings. This is below the average return 0.91 for the industry, which means WNC offers an attractive investment opportunity than its competitors do.
WNC Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 18.57 level, and the violation of this level will cause a further drop to 18.34 level. At the upper end, 19.06 remains a key resistance. As the stock increases, it may find resistance at 18.82. In the 14-day chart, the Relative Strength Index standing at 50.20 suggests a technical neutral stance while the MACD standing at -0.11 indicates price will decrease in the next trading period. Stochastic %K at 42.79% suggests holding the stock while Percent R indicator at 53.53% suggests low price movement.
How much is the short interest in Wabash National Corporation?
There have been a drop in short interest in the Wabash National Corporation Financial stock, with short interest down by -0.35 million shares to 4.56 million shares on Mar 14, 2021. According to data provided by Yahoo Finance, the short interest on Apr 14, 2021 stood at 4.21 million shares. This 7.68% increase suggests some bearish sentiment was experienced by the stock. Shorted shares accounted for just 11.72% of the overall float in the stock, while the stock’s days to cover moved to 10.59.
How do analysts view Wabash National Corporation?
In regard to the share price forecast for Wabash National Corporation stock, the analysts, as surveyed by FactSet, forecast the price to reach $19.00 in the next twelve months, representing almost an 2.26% growth from its recent price of $18.57. Among Wabash National Corporation stock projections, $25.00 is the highest analyst target for the stock, while $16.00 is the lowest. Despite this, 5 analysts who share their consensus rating for WNC in 2021 agree that the stock is an Overweight. The latest rating change took place on 4/21/21, when Raymond James Ratings launched coverage of the stock at “Strong Buy” and assigned a price target of $21.0.