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REV Group, Inc.REV Group, Inc.REV Group, Inc.

REV Group, Inc.

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REVG trade ideas

September Trades (REVG, BUY, 9.13-9.20, 10%)Rev Group, Inc. Reports Strong Third Quarter Results, Raises Fiscal 2023 Outlook REV Group (REVG) reported earnings of $0.35 per share on revenue of $680.00 million for the fiscal third quarter ended July 2023. The consensus earnings estimate was $0.247 per share and revenue estimate was $627.17 million. The company said it expects fiscal 2023 revenue of $2.55 billion to $2.60 billion. The company's previous guidance was revenue of $2.45 billion to $2.55 billion for the year ending October 31, 2023. REV Group is a leading designer, manufacturer, and distributor of specialty vehicles and related aftermarket parts and services.
NYSE:REVGLong
by 1hour_trading
Bottom Fishing in REVGShares of REVG are at all-time lows and seem to have a favorable risk/reward ratio. It's trading at about 14x 2017 earnings, and under 10x estimated 2018 earnings. They also have a 100% beat record (over 5 quarters as public company), so estimates may be conservative and imply an even greater value. The PEG ratio is a mere 0.4. Revenues are growing at about 16-17% y/y, and the balance sheet looks good, as debts are manageable and assets are growing consistently. It's trading at about 1.9x book value, which has grown about 20% since going public. It pays a modest dividend of 20 cents annually, and the payout ratio of 24% has plenty of room to grow. It's yielding about 1.2% at current prices. This is a consumer play, which given strong jobs, earnings, and spending growth, should benefit in the months ahead. I already own shares and calls, and I'll be adding as prices warrant. Earnings are due out on June 6, so that could act as a catalyst to push shares higher. I should also note that short interest has increased about 3% over the past month, with nearly 13% of shares currently held short. A positive earnings report could spur short covering, as well as raises in future earnings, both of which potentially fueling a further rally higher.
NYSE:REVGLong
by EchoAlphaBravo
revg - swing trap with t30 setupNice looking swing trade setting up on revg which could be the start of wave 3. recently broke out from double bottom with good bullish momentum up 40% in just a couple of months and we have a chance to get in on the pullback here with Swing trap and t30 setup. sellers got in this stock which then traded sideways buyers tried to get in but was quickly pushed out with sellers taking control again price closing below prior swing low with few consecutive red days but price was quickly rejected below the 30ema also leaving us with T30 candle were price has closed back above the 30ema. Swing traps can be a nice pattern to trade on pullbacks which are easy to spot they are typically abc correction but t30 can be a very powerful reversal candle at the beginning of a wave 3 will look to enter this trade next week.
NYSE:REVGLong
by wolfstreetswinger