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Douglas Dynamics (PLOW) To Report Earnings Tomorrow: Here Is What To Expect

PLOW Cover Image

Snow and ice equipment company Douglas Dynamics (NYSE:PLOW) will be reporting results tomorrow afternoon. Here’s what to look for.

Douglas Dynamics beat analysts’ revenue expectations by 9.4% last quarter, reporting revenues of $199.9 million, down 3.6% year on year. It was an incredible quarter for the company, with an impressive beat of analysts’ EPS and EBITDA estimates.

Is Douglas Dynamics a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Douglas Dynamics’s revenue to decline 2% year on year to $141.2 million, improving from the 13.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.21 per share.

Douglas Dynamics Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Douglas Dynamics has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Douglas Dynamics’s peers in the heavy transportation equipment segment, some have already reported their Q3 results, giving us a hint as to what we can expect. PACCAR’s revenues decreased 6.4% year on year, beating analysts’ expectations by 1.4%, and Greenbrier reported revenues up 3.5%, in line with consensus estimates. PACCAR traded down 5.3% following the results while Greenbrier was up 16.7%.

Read our full analysis of PACCAR’s results here and Greenbrier’s results here.

Investors in the heavy transportation equipment segment have had fairly steady hands going into earnings, with share prices down 1.1% on average over the last month. Douglas Dynamics is down 7% during the same time and is heading into earnings with an average analyst price target of $35.67 (compared to the current share price of $25.66).

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