WABASH NATIONAL CORPORATION (WNC)
NYSEIndustrialsAgricultural - MachinerySnapshot 2026-09-09
$13.00-4.48%
Close 2026-09-09 · 1-day change
NYSEIndustrialsAgricultural - MachinerySnapshot 2026-09-09
Intact: The reason to own it still holds.
Wabash National aims to grow revenue to about $400 million next quarter. The company expects smaller losses with EPS improving to around -$0.4 to -$0.6. This shows progress from last quarter's bigger loss. If they stabilize revenue and cut losses, the business could recover.
The company is still losing money with EPS expected near -$1.75 for the full year. S&P downgraded its rating due to weak cash flow. Recent earnings misses and cost cuts show ongoing struggles. The turnaround may stall or fail.
The market expects about 22% revenue growth next year but also prices in continued losses. Our fair value is near $33, reflecting a cheap valuation versus peers. We differ by emphasizing the risk of ongoing losses and weak cash flow.
Breaks if: further credit downgrades or worsening cash flow
Breaks if: EPS falls below -$0.60 in Q2 2026
revenue falls below $380 million in Q2 2026
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
WNC represents a speculative growth investment with a focus on recovery. The current thesis is mixed, as management is working on improving revenue and operational efficiency, but recent performance has been weak.
The market seems to have priced in a low level of execution quality, suggesting a cautious outlook. WNC is considered cheap compared to its peers, but there is a significant expectations gap that reflects uncertainty about future performance.
Fundamentals may show some improvement as management focuses on revenue recovery and cost management. However, the recent financial performance has been weak, and there is a risk of missing guidance in the near term.
The thesis hinges on the performance of sector bellwethers like CAT, DE, and CNH. If these companies continue to perform well, it could provide a tailwind for WNC. Conversely, any negative guidance from these peers could pose a risk.
The most important moves since the prior daily snapshot.
Signal changed from 'mixed' to 'cautious'.
No, our read on the company is unchanged. The signal changed from 'mixed' to 'cautious'. Recent financial performance remains weak, sitting below its industry cohort. The sector backdrop continues to act as a drag on the company.
as of 2026-09-09
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Overall, WNC's outlook is uncertain, with management making strides but facing significant challenges. Not investment advice.