Generac Reports Third Quarter 2024 Results
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Stifel Reiterates Buy Rating on Generac Holdings (GNRC)
October 31, 2024 9:29 AM EDTStifel analyst Stephen Gengaro reiterated a Buy rating and $175.00 price target on Generac Holdings (NYSE: GNRC).
The analyst comments "Generac's 3Q24 results and more optimistic outlook support our bullish outlook for the shares. Stronger-than-expected margins boosted adjusted EBITDA 10% above our estimate despite... More
Truist Securities Reiterates Buy Rating on Generac Holdings (GNRC)
October 31, 2024 9:28 AM EDTTruist Securities analyst Jordan Levy reiterated a Buy rating and $210.00 price target on Generac Holdings (NYSE: GNRC).
The analyst comments "GNRC reported strong 3Q results including in-line revs and a ~9% beat on EBITDA vs. Street estimates while increasing FY24 revenues/EBITDA guidance by... More
Goldman Sachs on Generac Holdings (GNRC): 'EBITDA of $232 mn was above our and FactSet consensus estimates'
October 31, 2024 9:27 AM EDTGoldman Sachs analyst Jerry Revich reiterated a Buy rating and $148.00 price target on Generac Holdings (NYSE: GNRC).
The analyst comments "GNRC 3Q EBITDA was 10% ahead of FactSet consensus and our estimates, with 4Q implied EBITDA guidance 9% ahead of consensus and 4% ahead of our estimates. The beat in the quarter was driven by higher gross margins as... More
