On July 31, Generac rose 5.17% in regular trading, trading at $192.955 per share, with turnover of approximately $22.57 million. The stock continues to rally following its Q2 earnings release on July 29, which delivered a substantial beat on profitability.
Specifically, Generac reported Q2 adjusted earnings of $2.91 per diluted share, surpassing the analyst consensus estimate of $2.01 by 44.78% and representing a 76.36% year-over-year increase from $1.65. Net sales for the quarter were $1.17 billion, up 10.4% year-over-year, roughly in line with expectations. The company highlighted further acceleration in its Commercial & Industrial segment driving robust sales growth and operating leverage. Additionally, a rapidly increasing data center backlog provides visibility into significant growth ahead.
Generac maintained its full-year net sales growth guidance of 15%-19% year-over-year and projected full-year net profit margin of approximately 9.0% to 10.0%. Analysts polled by FactSet assign the stock an average overweight rating with a mean price target of $295.86, well above current trading levels.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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