Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at Greenbrier (NYSE: GBX) and its peers.

Heavy transportation equipment companies are investing in automated vehicles that increase efficiencies and connected machinery that collects actionable data. Some are also developing electric vehicles and mobility solutions to address customers’ concerns about carbon emissions, creating new sales opportunities. On the other hand, heavy transportation equipment companies are at the whim of economic cycles. Interest rates, for example, can greatly impact the construction and transport volumes that drive demand for these companies’ offerings.

The 11 heavy transportation equipment stocks we track reported a strong Q4. As a group, revenues beat analysts’ consensus estimates by 4.6% while next quarter’s revenue guidance was in line.

Thankfully, share prices of the companies have been resilient as they are up 6% on average since the latest earnings results.

Greenbrier (NYSE: GBX)

Having designed the industry’s first double-decker railcar in the 1980s, Greenbrier (NYSE: GBX) supplies the freight rail transportation industry with railcars and related services.

Greenbrier reported revenues of $706.1 million, down 19.4% year on year. This print exceeded analysts’ expectations by 7.7%. Overall, it was a stunning quarter for the company with a beat of analysts’ EPS estimates and an impressive beat of analysts’ adjusted operating income estimates.

Interestingly, the stock is up 9% since reporting and currently trades at $58.16.

Is now the time to buy Greenbrier? Access our full analysis of the earnings results here, it’s free.

Best Q4: Douglas Dynamics (NYSE: PLOW)

Once manufacturing snowplows designed for the iconic jeep vehicle precursor, Douglas Dynamics (NYSE: PLOW) offers snow and ice equipment for the roads and sidewalks.

Douglas Dynamics reported revenues of $184.5 million, up 28.6% year on year, outperforming analysts’ expectations by 8.6%. The business had an incredible quarter with an impressive beat of analysts’ EBITDA estimates and a solid beat of analysts’ revenue estimates.

Douglas Dynamics pulled off the fastest revenue growth and highest full-year guidance raise among its peers. The market seems happy with the results as the stock is up 9.7% since reporting. It currently trades at $46.78.

Is now the time to buy Douglas Dynamics? Access our full analysis of the earnings results here, it’s free.

Weakest Q4: Wabash (NYSE: WNC)

With its first trailer reportedly built on two sawhorses, Wabash (NYSE: WNC) offers semi trailers, liquid transportation containers, truck bodies, and equipment for moving goods.

Wabash reported revenues of $321.5 million, down 22.9% year on year, exceeding analysts’ expectations by 1%. Still, it was a disappointing quarter as it posted revenue guidance for next quarter missing analysts’ expectations significantly and a significant miss of analysts’ adjusted operating income estimates.

Wabash delivered the slowest revenue growth in the group. As expected, the stock is down 9.8% since the results and currently trades at $10.14.

Read our full analysis of Wabash’s results here.

Oshkosh (NYSE: OSK)

Oshkosh (NYSE: OSK) manufactures specialty vehicles for the defense, fire, emergency, and commercial industry, operating various brand subsidiaries within each industry.

Oshkosh reported revenues of $2.69 billion, up 2.5% year on year. This number topped analysts’ expectations by 2.6%. Aside from that, it was a mixed quarter as it also recorded a solid beat of analysts’ revenue estimates but full-year EPS guidance missing analysts’ expectations significantly.

The stock is up 17.7% since reporting and currently trades at $172.08.

Read our full, actionable report on Oshkosh here, it’s free.

Federal Signal (NYSE: FSS)

Developing sirens that warned of air raid attacks or fallout during the Cold War, Federal Signal (NYSE: FSS) provides safety and emergency equipment for government agencies, municipalities, and industrial companies.

Federal Signal reported revenues of $597.1 million, up 26.5% year on year. This print surpassed analysts’ expectations by 9.5%. Overall, it was an exceptional quarter as it also recorded an impressive beat of analysts’ EBITDA estimates and an impressive beat of analysts’ revenue estimates.

Federal Signal scored the biggest analyst estimates beat among its peers. The stock is flat since reporting and currently trades at $117.80.

Read our full, actionable report on Federal Signal here, it’s free.

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