From CNBC: 2024-07-29 19:25:02

Douglas Dynamics (PLOW) reported earnings of $1.11 per share, beating the Zacks Consensus Estimate of $0.66 per share, with a 68.18% earnings surprise. The company posted revenues of $199.9 million for the quarter, exceeding expectations by 10.26%. The stock has lost 11.7% this year compared to the S&P 500’s 14.5% gain.

Investors are curious about the future of Douglas Dynamics stock, with mixed estimate revisions and a Zacks Rank #3 (Hold). The current consensus EPS estimate is $0.47 for the next quarter. The company’s performance is tied to industry outlook, with Automotive – Replacement Parts currently in the top 29% of Zacks industries.

Dorman Products (DORM), a competitor in the automotive parts industry, is expected to report earnings of $1.19 per share, up 17.8% from last year, with revenues expected to reach $497.38 million. Ahead of their release, Zacks Investment Research offers a special report on emerging companies in the hydrogen energy sector poised for growth.

For more insights on Douglas Dynamics and Dorman Products, and to read the full article on Zacks.com, visit the links provided. Remember, industry outlook can influence stock performance.



Read more at CNBC: Douglas Dynamics (PLOW) Tops Q2 Earnings and Revenue Estimates