Rush Enterprises First Quarter 2024 Earnings: EPS Beats Expectations

Simply Wall St · 05/13 10:20

Rush Enterprises (NASDAQ:RUSH.A) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$1.87b (down 2.1% from 1Q 2023).
  • Net income: US$71.6m (down 21% from 1Q 2023).
  • Profit margin: 3.8% (down from 4.7% in 1Q 2023). The decrease in margin was driven by lower revenue.
  • EPS: US$0.91 (down from US$1.10 in 1Q 2023).
NasdaqGS:RUSH.A Earnings and Revenue Growth May 13th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Rush Enterprises EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%.

Looking ahead, revenue is expected to decline by 1.6% p.a. on average during the next 2 years, while revenues in the Trade Distributors industry in the US are expected to grow by 5.7%.

Performance of the American Trade Distributors industry.

The company's shares are up 6.5% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Rush Enterprises has 2 warning signs we think you should be aware of.