Yahoo Finance Why Wabash (WNC) Stock Is Falling Today
What Happened:
Shares of semi trailers and liquid transportation container manufacturer Wabash (NYSE:WNC) fell 12.6% in the morning session after the company reported second-quarter earnings results. Its revenue unfortunately missed and its backlog fell short Wall Street's estimates. The company also lowered its full year revenue and EPS guidance. Full-year revenue is expected to come in at $2.1 billion (vs. previous guidance of $2.3 billion). Similarly EPS guidance was lowered to $1.55 (vs. previous guidance of $2.25). Overall, this was a bad quarter for Wabash.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Wabash? Access our full analysis report here, it's free.
What is the market telling us:
Wabash's shares are somewhat volatile and over the last year have had 8 moves greater than 5%. But moves this big are very rare even for Wabash and that is indicating to us that this news had a significant impact on the market's perception of the business.
Wabash is down 18.6% since the beginning of the year, and at $20.61 per share it is trading 31.2% below its 52-week high of $29.94 from March 2024. Investors who bought $1,000 worth of Wabash's shares 5 years ago would now be looking at an investment worth $1,270.
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