
CTOS Stock Forecast & Price Target
CTOS Analyst Ratings
Bulls say
Custom Truck One Source has demonstrated strong financial performance, with fourth-quarter revenue increasing by 7% year-over-year and surpassing estimates, particularly within the Truck and Equipment Sales segment, which saw a notable 21% growth. The company has raised its total revenue guidance for 2023 to a range of $1.765 to $1.870 billion, reflecting a positive growth outlook of 12% to 19% year-over-year, alongside consistent adjusted EBITDA guidance. Additionally, the Equipment Rental Solutions segment reported a 12% revenue increase, supported by a larger rental fleet and improved pricing strategies, highlighting the company's robust demand and operational capabilities across its segments.
Bears say
Custom Truck One Source Inc. has exhibited a troubling decline in its Equipment Rental Solutions segment, with rental revenue experiencing a 6% year-over-year drop attributed to decreased demand in the utility market, which is expected to continue impacting overall performance in the near term. The company's fourth-quarter and first-quarter adjusted EBITDA figures were below both internal estimates and market consensus, signaling ongoing profitability challenges alongside a significant 26% year-over-year decline in first-quarter adjusted EBITDA. Furthermore, Custom Truck One Source has proactively reduced its 2024 revenue guidance, reflecting anticipated continued pressure from financing, supply chain, and regulatory hurdles impacting demand in its core utility market.
This aggregate rating is based on analysts' research of Custom Truck One Source and is not a guaranteed prediction by Public.com or investment advice.
CTOS Analyst Forecast & Price Prediction
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