An Overview of Custom Truck One Source's Earnings

Custom Truck One Source (NYSE:CTOS) is set to give its latest quarterly earnings report on Wednesday, 2024-10-30. Here's what investors need to know before the announcement.

Analysts estimate that Custom Truck One Source will report an earnings per share (EPS) of $-0.03.

The announcement from Custom Truck One Source is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Performance in Previous Earnings

During the last quarter, the company reported an EPS missed by $0.09, leading to a 12.66% drop in the share price on the subsequent day.

Here's a look at Custom Truck One Source's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

-0.01

-0.01

0.11

0.05

EPS Actual

-0.10

-0.06

0.07

0.04

Price Change %

-13.0%

-15.0%

-18.0%

-18.0%

Custom Truck One Source Share Price Analysis

Shares of Custom Truck One Source were trading at $3.56 as of October 28. Over the last 52-week period, shares are down 38.95%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

Analyst Views on Custom Truck One Source

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Custom Truck One Source.

The consensus rating for Custom Truck One Source is Outperform, derived from 1 analyst ratings. An average one-year price target of $6.0 implies a ...