Wabash National Guides Q3 EPS to $0.45, Signaling Turnaround
WNC has more than doubled off its 52-week low of $6.63.
Summary
Wabash National issued Q3 EPS guidance of $0.45, a sharp reversal from the $1.11 per share loss in Q1. This follows a challenging first half marked by a significant Q1 loss and a $150 million convertible notes offering in July to shore up liquidity. The guidance suggests management sees improving demand or cost actions taking hold. With the stock at $13.30 and a market cap near $540 million, a return to profitability would be a material shift. The next catalyst is the Q2 earnings report, which should provide detail on the trajectory.
At the time of this announcement, WNC was trading at $13.30 on NYSE in the Manufacturing sector, with a market capitalization of approximately $541.4M. The 52-week trading range was $6.63 to $14.32. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.