Movement Alert｜Generac Falls 5.09% in Regular Trading, Q3 Revenue Miss and Limited Target Price Increase Weigh on Shares

Market Focus10-31

On October 31, Generac fell 5.09% in Regular Trading, trading at $193.215, with turnover of $132 million.

The move followed continued market digestion of the company’s latest quarterly results and a modest post-earnings target price increase that did little to offset caution around revenue performance.

Generac previously reported third-quarter adjusted EPS of $2.54, above the $2.43 consensus, while net sales of $1.294 billion missed the $1.324 billion market expectation, even though revenue rose from $1.11 billion a year earlier. The company maintained its full-year net sales growth outlook in the mid-to-high teens percent range rather than raising guidance further. After the results, Citigroup lifted its price target only slightly, to $235 from $232, while keeping a Neutral rating, indicating some repair in expectations but still a restrained stance.

(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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