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...
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Potential 3 valley rising valley breakout is underway as predicted.
I have updated the targets.
Optimistic measured move from the breakout is $14.00.
Momentum and RSI in reversal.
Strong resistance is at the yearly candle level $12.23.
Volatile sector so we will use the 20ma as our SL.
Up trend is broken and it looks like investers want to take profits home.
SHORT - MLHR
SL: 13.69 (Suggested by me)
TP: 11.79 (Suggested by me)
Please trade responsibly and good luck!
Shares 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...
Nice 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...
