Moving and storage solutions provider U-Haul (NYSE: UHAL) will be reporting results this Wednesday after market hours. Here’s what to expect.
U-Haul beat analysts’ revenue expectations by 1% last quarter, reporting revenues of $1.63 billion, up 5.3% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates.
Is U-Haul a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting U-Haul’s revenue to grow 4.2% year on year to $1.73 billion, improving from its flat revenue in the same quarter last year.
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. U-Haul has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time since going public by 1% on average.
Looking at U-Haul’s peers in the ground transportation segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Saia posted flat year-on-year revenue, beating analysts’ expectations by 1%, and Avis Budget Group reported revenues up 1.1%, topping estimates by 1.8%. Saia traded up 5.7% following the results while Avis Budget Group was down 6.1%.
Read our full analysis of Saia’s results here and Avis Budget Group’s results here.
Investors in the ground transportation segment have had steady hands going into earnings, with share prices flat over the last month. U-Haul is down 7.5% during the same time and is heading into earnings with an average analyst price target of $96.24 (compared to the current share price of $52.13).
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