Generac Holdings Earnings Preview: What to Expect

Waukesha, Wisconsin-based Generac Holdings Inc. (GNRC) is a manufacturer of power generation equipment, energy storage systems, and other power products including portable, residential, commercial and industrial generators. With a market cap of $10.1 billion, Generac’s operations span various countries in the Americas, Asia, and Europe. It is expected to announce its Q3 earnings before the market opens on Thursday, Oct. 31.

Ahead of the event, analysts expect Generac to report a profit of $1.98 per share, up 20.7% from $1.64 per share reported in the year-ago quarter. The company has surpassed Wall Street’s bottom-line projections in three of the past four quarters while missing on another occasion. Its adjusted EPS for the last reported quarter grew 25% year-over-year to $1.35, exceeding the consensus estimates by 8.9%.