Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at REV Group (NYSE: REVG) and its peers.

Heavy transportation equipment companies are investing in automated vehicles that increase efficiencies and connected machinery that collects actionable data. Some are also developing electric vehicles and mobility solutions to address customers’ concerns about carbon emissions, creating new sales opportunities. Additionally, they are increasingly offering automated equipment that increases efficiencies and connected machinery that collects actionable data. On the other hand, heavy transportation equipment companies are at the whim of economic cycles. Interest rates, for example, can greatly impact the construction and transport volumes that drive demand for these companies’ offerings.

The 13 heavy transportation equipment stocks we track reported a mixed Q3. As a group, revenues missed analysts’ consensus estimates by 1%.

Luckily, heavy transportation equipment stocks have performed well with share prices up 10.7% on average since the latest earnings results.

Best Q3: REV Group (NYSE: REVG)

Offering the first full-electric North American fire truck, REV (NYSE: REVG) manufactures and sells specialty vehicles.

REV Group reported revenues of $664.4 million, up 11.1% year on year. This print exceeded analysts’ expectations by 4.5%. Overall, it was a stunning quarter for the company with a solid beat of analysts’ EBITDA estimates.

Interestingly, the stock is up 18.7% since reporting and currently trades at $66.07.

Is now the time to buy REV Group? Access our full analysis of the earnings results here, it’s free for active Edge members.

Cummins (NYSE: CMI)

With more than half of the heavy-duty truck market using its engines at one point, Cummins (NYSE: CMI) offers engines and power systems.

Cummins reported revenues of $8.32 billion, down 1.6% year on year, outperforming analysts’ expectations by 5%. The business had an exceptional quarter with an impressive beat of analysts’ EBITDA and revenue estimates.

The market seems happy with the results as the stock is up 24.5% since reporting. It currently trades at $546.95.

Is now the time to buy Cummins? Access our full analysis of the earnings results here, it’s free for active Edge members.

Weakest Q3: Wabash (NYSE: WNC)

With its first trailer reportedly built on two sawhorses, Wabash (NYSE: WNC) offers semi trailers, liquid transportation containers, truck bodies, and equipment for moving goods.

Wabash reported revenues of $381.6 million, down 17.8% year on year, in line with analysts’ expectations. It was a disappointing quarter as it posted full-year revenue and EPS guidance missing analysts’ expectations significantly.

Wabash delivered the weakest full-year guidance update in the group. Interestingly, the stock is up 17.4% since the results and currently trades at $9.76.

Read our full analysis of Wabash’s results here.

Federal Signal (NYSE: FSS)

Developing sirens that warned of air raid attacks or fallout during the Cold War, Federal Signal (NYSE: FSS) provides safety and emergency equipment for government agencies, municipalities, and industrial companies.

Federal Signal reported revenues of $555 million, up 17% year on year. This number surpassed analysts’ expectations by 1.9%. It was a strong quarter as it also logged full-year EPS guidance beating analysts’ expectations and a solid beat of analysts’ revenue estimates.

The stock is down 11.7% since reporting and currently trades at $114.54.

Read our full, actionable report on Federal Signal here, it’s free for active Edge members.

Allison Transmission (NYSE: ALSN)

Helping build race cars at one point, Allison Transmission (NYSE: ALSN) offers transmissions to original equipment manufacturers and fleet operators.

Allison Transmission reported revenues of $693 million, down 15.9% year on year. This result came in 8.5% below analysts' expectations. It was a disappointing quarter as it also logged a miss of analysts’ Service and Support revenue estimates.

The stock is up 24.5% since reporting and currently trades at $101.58.

Read our full, actionable report on Allison Transmission here, it’s free for active Edge members.

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