Daimler Truck (DTRUY) Expected to Release Quarterly Earnings on Wednesday

Key Points

• Daimler Truck is expected to report quarterly earnings before the market opens on Wednesday, November 4. Analysts forecast earnings of $0.576 per share on revenue of $14.06 billion.
• The company’s previous quarter fell short of expectations, with EPS of $0.09 versus the $0.48 consensus estimate and revenue of $14.20 billion versus $14.29 billion expected.
• Analyst sentiment is moderately positive, with one Strong Buy, five Buy and three Hold ratings. Shares recently opened at $22.55, within a 52-week range of $19.43 to $28.73.

Daimler Truck (OTCMKTS:DTRUY - Get Free Report) is projected to issue its results before the market opens on Wednesday, November 4th. Analysts expect the company to post earnings of $0.5760 per share and revenue of $14.06 billion for the quarter.

Daimler Truck (OTCMKTS:DTRUY - Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.39). The business had revenue of $14.20 billion for the quarter, compared to analysts' expectations of $14.29 billion. On average, analysts expect Daimler Truck to post $2.00 EPS for the current fiscal year and $2.46 EPS for the next fiscal year.

Daimler Truck Stock Performance

Shares of DTRUY stock opened at $22.55 on Wednesday. Daimler Truck has a 52-week low of $19.43 and a 52-week high of $28.73. The stock has a market cap of $34.53 billion, a price-to-earnings ratio of 45.10 and a beta of 0.06. The firm has a fifty day moving average of $24.63 and a 200-day moving average of $24.74.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Morgan Stanley cut shares of Daimler Truck from an "overweight" rating to an "equal weight" rating in a research note on Friday, September 4th. Kepler Capital Markets upgraded shares of Daimler Truck from a "reduce" rating to a "buy" rating in a research note on Tuesday, July 21st. Barclays upgraded shares of Daimler Truck from a "hold" rating to an "overweight" rating in a research note on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Daimler Truck in a report on Thursday, July 23rd. Finally, Zacks Research upgraded Daimler Truck from a "strong sell" rating to a "hold" rating in a research note on Wednesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Daimler Truck has a consensus rating of "Moderate Buy".

About Daimler Truck

Daimler Truck Holding AG is a global commercial vehicle manufacturer headquartered in Leinfelden-Echterdingen, Germany. The company develops, manufactures and sells medium- and heavy-duty trucks, buses and coaches, along with related parts, maintenance, leasing and financing services.

Its portfolio includes Mercedes-Benz Trucks, Freightliner, Western Star, FUSO, BharatBenz, Thomas Built Buses and Setra. Daimler Truck also develops electric and other alternative-drive commercial vehicles, digital fleet-management solutions and charging-related services to support the transition toward lower-emission transportation.

The company serves customers across Europe, North America, Latin America and Asia, with manufacturing, sales and service operations in multiple international markets.

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