NFI Group Expects Narrower Q1 Loss, Provides Full-Year Guidance Amidst Ongoing Challenges

NFI Group Inc. is set to release its Q1 earnings report on May 2, 2024, with analysts expecting a narrower loss compared to the same period last year. The company's performance will be closely watched amidst ongoing challenges posed by the COVID-19 pandemic and supply chain disruptions.

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Sakchi Khandelwal
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NFI Group Expects Narrower Q1 Loss, Provides Full-Year Guidance Amidst Ongoing Challenges

NFI Group Expects Narrower Q1 Loss, Provides Full-Year Guidance Amidst Ongoing Challenges

NFI Group Inc., a leading manufacturer of buses and coaches, is set to release its first-quarter earnings report on May 2, 2024. The company is expected to report a narrower loss compared to the same period last year, according to estimates from four analysts. NFI Group's performance and forward-looking statements come amidst ongoing challenges posed by the COVID-19 pandemic and supply chain disruptions.

Why this matters: The financial performance of companies like NFI Group has a ripple effect on the entiretransportation industry, influencing the availability and affordability of public transportation for communities worldwide. As the industry adapts to the new normal, NFI Group's ability to navigate challenges and seize opportunities will have a significant impact on the global economy and environment.

For the first quarter, analysts anticipate NFI Group to report a loss of $0.168 per share, a significant improvement from the loss of CAD 0.810 per share in the same quarter of the previous year. Wall Street analysts expect the company to report revenue of $682.8 million, a decrease from CAD 709.3 million in the prior year quarter.

Looking ahead to the full year, analysts expect NFI Group to report a profit of $0.134 per share, a notable decline from the $2.000 per share profit reported in the previous year. On average, analysts estimate full-year revenue to be $3.40 billion, compared to CAD 3.62 billion in the prior year. The company's forward-looking statements, including guidance on Adjusted EBITDA, ROIC, Free Cash Flow, and Adjusted Net Earnings, will provide further insights into its expected performance for the remainder of 2024.

The transportation industry has faced significant challenges resulting from the COVID-19 pandemic and supply chain disruptions. NFI Group has had to contend with production delays, workforce limitations, and fluctuating demand for its products. Despite these challenges, the company has shown resilience in maintaining operations and meeting customer commitments.

NFI Group's focus oninnovation and sustainabilityaligns with the growing demand for environmentally friendly transportation solutions. The company has been investing in electric and low-emission vehicle technologies to position itself for the future. Adapting to changing market conditions and customer preferences will be key to NFI Group's long-term success while the pandemic's ongoing effects continue to impact.

NFI Group's ability to overcome obstacles and capitalize on opportunities will be key to its long-term growth and profitability as the transportation industry evolves and recovers from the pandemic's impact. Investors and industry analysts will closely watch NFI Group's upcoming earnings report and forward-looking statements to assess the company's financial health and future prospects. While the expected narrower loss in the first quarter is a positive sign, the full-year guidance will provide a more comprehensive outlook of NFI Group's anticipated performance in 2024.

Key Takeaways

  • NFI Group to release Q1 earnings report on May 2, 2024, with expected narrower loss.
  • Analysts predict Q1 loss of $0.168 per share, improved from $0.810 in same quarter last year.
  • Full-year revenue expected to be $3.40 billion, down from $3.62 billion in previous year.
  • NFI Group focuses on innovation and sustainability, investing in electric and low-emission vehicle tech.
  • Company's ability to overcome pandemic-related challenges will impact long-term growth and profitability.