The Shyft Group (SHYF) Beats Q2 Earnings Estimates

Core Viewpoint - The Shyft Group reported quarterly earnings of $0.16 per share, exceeding the Zacks Consensus Estimate of$ 0.12 per share, but down from $0.25 per share a year ago [1][2] Financial Performance - The earnings surprise for the quarter was 33.33%, with a previous quarter loss expectation of$ 0.18 per share, but the company reported a loss of only $0.04, resulting in a surprise of 77.78% [2] - Revenues for the quarter were$ 192.78 million, missing the Zacks Consensus Estimate by 2.49%, and down from $225.1 million year-over-year [3] Stock Performance - The Shyft Group shares have declined approximately 4.8% year-to-date, while the S&P 500 has gained 13.8% [4] - The company's current Zacks Rank is 2 (Buy), indicating expectations of outperforming the market in the near future [7] Future Outlook - The consensus EPS estimate for the upcoming quarter is$ 0.17 on revenues of $228.8 million, and for the current fiscal year, it is$ 0.42 on revenues of $853.9 million [8] - The automotive - original equipment industry is currently ranked in the bottom 13% of Zacks industries, which may impact the stock's performance [9]