NASDAQ$RUSHA
Rush Enterprises Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Rush Enterprises reported strong Q3 2023 results driven by demand for new commercial vehicles and strategic focus on national accounts.
Rush Enterprises reported revenues of $1.981 billion and net income of $80.3 million, or $0.96 per diluted share, for the third quarter ended September 30, 2023. The results were driven by continued demand for new commercial vehicles and a focus on national accounts, despite challenges in the over-the-road customer segment.
- Revenues reached $1.981 billion with a net income of $80.3 million.
- Earnings per diluted share were $0.96.
- The company's absorption ratio was 132.8%.
- A cash dividend of $0.17 per share of Class A and Class B common stock was declared.
Headline financials
Revenue & EPS history
Rush Enterprises · Revenue · Quarterly
$1.98B
Forward guidance
The company anticipates Q4 financial performance to be consistent with Q3 results, factoring in normal seasonal softness.
Tailwinds
- New commercial vehicle production is approaching normal levels.
- Demand for new commercial vehicles is expected to remain strong.
- The company is focused on adding service technicians, especially mobile service technicians.
- The company is focused on supporting large fleet customers throughout the network.
- Rental utilization rates are expected to remain solid.
Headwinds
- Used truck demand and values are expected to remain low.
- Economic conditions are negatively impacting over-the-road customers.
- The industry may experience some deflation with respect to the prices of certain commodity parts.
- Some truck body companies continue to have difficulty keeping pace with build rates, which may negatively impact certain commercial vehicle deliveries.
- Normal seasonal softness expected late in the year.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2023
+0.7%
Avg return
Earnings day
+1.7%
Avg return
5 days after
+1.8%
Avg return
30 days after
52%
34 / 65 earnings
Positive
+14.0%
Q3 2016
Best reaction
-17.1%
Q4 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.9% | -5.8% | -8.0% | |
| Q4 2025 | +2.9% | +4.7% | -10.0% | |
| Q3 2025 | -0.1% | -7.3% | +3.3% | |
| Q1 2025 | -0.6% | -5.8% | -2.6% | |
| Q4 2024 | +1.3% | -9.7% | -12.7% | |
| Q3 2024 | +5.5% | +3.9% | +11.2% | |
| Q2 2024 | +7.1% | -1.9% | +2.9% | |
| Q1 2024 | -3.8% | -3.2% | -9.3% | |
| Q4 2023 | -1.5% | -2.2% | +1.1% | |
| Q3 2023 | -9.4% | -8.6% | +0.1% | |
| Q2 2023 | +3.8% | +1.2% | +0.1% | |
| Q1 2023 | -3.9% | -2.3% | -2.3% | |
| Q4 2022 | +7.6% | +5.5% | -9.5% | |
| Q3 2022 | -1.3% | +2.4% | +6.2% | |
| Q2 2022 | -5.0% | -4.0% | +1.9% | |
| Q1 2022 | +3.3% | +3.5% | +3.4% | |
| Q4 2021 | -1.3% | -1.4% | +4.5% | |
| Q3 2021 | +6.7% | +13.4% | +18.0% | |
| Q2 2021 | +7.1% | +6.8% | -0.8% | |
| Q1 2021 | -1.7% | +3.2% | +0.6% | |
| Q4 2020 | -3.2% | -3.9% | +16.0% | |
| Q3 2020 | +2.8% | +3.2% | +6.2% | |
| Q2 2020 | +8.0% | +9.2% | +12.1% | |
| Q1 2020 | +7.7% | +13.3% | +21.5% | |
| Q4 2019 | -7.9% | -4.7% | -25.3% | |
| Q3 2019 | +1.7% | +4.3% | +2.2% | |
| Q2 2019 | +4.2% | +5.4% | +4.7% | |
| Q1 2019 | -1.9% | -3.7% | -19.2% | |
| Q4 2018 | +9.9% | +13.6% | +7.3% | |
| Q3 2018 | -0.9% | +4.8% | +12.8% | |
| Q2 2018 | -5.3% | -2.0% | -4.3% | |
| Q1 2018 | -5.2% | -4.3% | +0.6% | |
| Q4 2017 | -11.2% | -11.8% | -9.6% | |
| Q3 2017 | +11.8% | +7.0% | +2.6% | |
| Q2 2017 | +7.4% | +13.0% | +2.6% | |
| Q1 2017 | +6.7% | +7.4% | +4.5% | |
| Q4 2016 | +4.8% | +7.3% | +5.4% | |
| Q3 2016 | +14.0% | +15.0% | +28.9% | |
| Q2 2016 | +0.7% | +1.6% | +4.9% | |
| Q1 2016 | -1.2% | — | — | |
| Q4 2015 | -17.1% | — | — | |
| Q3 2015 | -5.3% | — | — | |
| Q2 2015 | +4.0% | — | — | |
| Q1 2015 | -0.2% | — | — | |
| Q4 2014 | +0.5% | — | — | |
| Q3 2014 | +0.1% | — | — | |
| Q2 2014 | +6.8% | — | — | |
| Q1 2014 | -2.6% | — | — | |
| Q4 2013 | +2.4% | — | — | |
| Q3 2013 | +2.1% | — | — | |
| Q2 2013 | -3.8% | — | — | |
| Q1 2013 | +1.9% | — | — | |
| Q2 2012 | -2.9% | — | — | |
| Q4 2012 | +2.2% | — | — | |
| Q3 2012 | +0.7% | — | — | |
| Q1 2011 | -3.2% | — | — | |
| Q1 2012 | -3.2% | — | — | |
| Q4 2011 | -1.0% | — | — | |
| Q4 2009 | -1.0% | — | — | |
| Q2 2011 | -1.0% | — | — | |
| Q3 2011 | -4.6% | — | — | |
| Q3 2010 | -4.6% | — | — | |
| Q2 2010 | +0.3% | — | — | |
| Q4 2010 | +0.3% | — | — | |
| Q1 2010 | +13.0% | — | — |
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