Rush Enterprises Intrinsic Value – RUSH ENTERPRISES Reports FY2023 Q2 Earnings Results for Period Ending June 30 2023

August 22, 2023

🌥️Earnings Overview

RUSH ENTERPRISES ($NASDAQ:RUSHB) announced its financial earnings results for the second quarter of FY2023, ending June 30, 2023, on July 25, 2023. Revenue for the quarter was USD 2003.0 million, an increase of 11.8% compared to the prior year. Net income, however, decreased 10.8% year over year to USD 98.3 million.

Market Price

On Tuesday, RUSH ENTERPRISES reported their fiscal year 2023 second quarter earnings results for the period ending June 30, 2023. The stock opened at $70.4 and closed at $70.6, representing a 0.7% increase from its last closing price of $70.1. The encouraging results from the second quarter of FY2023 bode well for RUSH ENTERPRISES going forward, as the company seeks to further expand its operations and remain a leader in the transportation and logistics sector. With increasing sales and increased profits, the company is well-positioned to take advantage of a wide range of opportunities in the industry. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Rush Enterprises. More…

    Total Revenues Net Income Net Margin
    7.66k 377.43 4.9%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Rush Enterprises. More…

    Operations Investing Financing
    352.28 -240.93 -0.69
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Rush Enterprises. More…

    Total Assets Total Liabilities Book Value Per Share
    4.13k 2.24k 34.41
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Rush Enterprises are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    13.7% 51.0% 7.3%
    FCF Margin ROE ROA
    0.8% 18.9% 8.4%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis – Rush Enterprises Intrinsic Value

    At GoodWhale, we conducted an analysis of RUSH ENTERPRISES‘ wellbeing and found that the intrinsic value of its share was around $64.9. This was calculated using our proprietary Valuation Line. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Summary

    RUSH ENTERPRISES reported their Q2 FY2023 results on July 25 2023, showing total revenue of USD 2003.0 million, a 11.8% increase year-on-year. Net income was USD 98.3 million, a 10.8% decrease from the same period last year. Investors should consider these results in evaluating the company’s potential for growth. Additionally, it is important to examine the company’s financial statements and trends to determine the health of their balance sheet and assess the potential risk of investing in the company.

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