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

Douglas Dynamics missed analysts’ revenue expectations by 8.4% last quarter, reporting revenues of $129.4 million, down 10.2% year on year. It was a slower quarter for the company, with full-year revenue guidance missing analysts’ expectations.

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 grow 15.6% year on year to $155.2 million, a reversal from the 16% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.31 per share.

Analysts covering the company have generally 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 four times over the last two years.

Looking at Douglas Dynamics’s peers in the heavy transportation equipment segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Cummins’s revenues decreased 1.1% year on year, beating analysts’ expectations by 4.7%, and Oshkosh reported revenues up 6.3%, topping estimates by 8.6%. Cummins traded up 6.2% following the results while Oshkosh was also up 21.6%.

Read our full analysis of Cummins’s results here and Oshkosh’s results here.

Stocks, especially growth stocks where cash flows further in the future are more important to the story, have had a good 2024. An economic soft landing (so far), the start of the Fed's rate cutting campaign, and the election of Donald Trump were positives for the market, and while some of the heavy transportation equipment stocks have shown solid performance, the group has generally underpeformed, with share prices down 6.2% on average over the last month. Douglas Dynamics is down 1.3% during the same time and is heading into earnings with an average analyst price target of $32.33 (compared to the current share price of $25.82).

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