Wabash National (NYSE:WNC) Releases Earnings Results, Misses Estimates By $0.17 EPS

Posted by Brenda Bartman on Oct 30th, 2026

Wabash National (NYSE:WNC – Get Free Report) posted its quarterly earnings data on Thursday. The company reported ($0.63) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.46) by ($0.17), FiscalAI reports. The company had revenue of $476.41 million for the quarter, compared to analyst estimates of $453.74 million. Wabash National had a negative return on equity of 36.59% and a negative net margin of 5.48%. Wabash National’s quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.51) EPS.

Here are the key takeaways from Wabash National’s conference call:

Dry-van demand accelerated significantly, with backlog rising from more than 12,000 units for 2027 at quarter-end to nearly 20,000 by mid-October; total backlog reached $1.3 billion. Management expects Wabash’s 2027 dry-van volume to be approximately 35,000–38,000 units, with upside toward the low-40,000 range.
Pricing and material margins are improving, with the current 2027 dry-van backlog averaging more than 600 basis points above Q2 2026. Wabash expects to reach quarterly profitability by Q2 2027 and an annualized EBITDA run rate of $150 million–$170 million as higher volumes and second-shift operations scale.
Near-term profitability remains pressured by production-readiness costs pulled forward from 2027, continued truck-body weakness, and manufacturing inefficiencies. Wabash expects fourth-quarter revenue of $420 million–$450 million, adjusted operating margin of negative 8% to negative 5%, and adjusted EPS of negative $0.75 to negative $0.55.
Liquidity improved 44% sequentially to $277 million following the convertible debt issuance and Goshen facility sale, while the asset-based loan currently has no balance and is available to fund working-capital needs. However, management is still evaluating options to address its high-yield bonds before October 2027.
The recovery is expected to be uneven across the portfolio: dry vans are showing strong replacement-cycle momentum, while truck body is projected to recover roughly six to nine months later and remains dependent on broader macroeconomic conditions. Management also expects Parts & Services revenue growth of 5%–10%, with margins improving as startup costs fade.

Wabash National Stock Down 8.9%

NYSE:WNC traded down $1.19 during trading hours on Friday, hitting $12.07. 797,379 shares of the company traded hands, compared to its average volume of 835,582. Wabash National has a one year low of $6.63 and a one year high of $14.55. The company has a quick ratio of 0.80, a current ratio of 1.31 and a debt-to-equity ratio of 1.75. The firm’s 50-day simple moving average is $12.89 and its 200-day simple moving average is $10.88. The company has a market cap of $491.94 million, a PE ratio of -6.27 and a beta of 1.48.

Wabash National Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 29th. Shareholders of record on Thursday, October 8th were paid a dividend of $0.08 per share. The ex-dividend date was Thursday, October 8th. This represents a $0.32 dividend on an annualized basis and a yield of 2.7%. Wabash National’s payout ratio is -16.58%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WNC. Wall Street Zen raised shares of Wabash National from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Wabash National in a research note on Wednesday, August 12th. Citigroup reiterated a “market outperform” rating on shares of Wabash National in a research note on Tuesday, October 20th. Citizens Jmp assumed coverage on Wabash National in a research note on Wednesday, July 15th. They set an “outperform” rating and a $25.00 target price on the stock. Finally, National Bank Financial set a $25.00 price target on Wabash National in a research note on Tuesday, October 20th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $23.33.

Check Out Our Latest Stock Analysis on Wabash National

Wabash National News Roundup

Here are the key news stories impacting Wabash National this week:

Positive Sentiment: Third-quarter revenue rose 24.8% year over year to $476.41 million, exceeding analyst expectations of $453.74 million. The top-line growth suggests continued demand for Wabash’s transportation, logistics and infrastructure products. Wabash Announces Third Quarter 2026 Results
Neutral Sentiment: Management discussed the quarter and the outlook for the remainder of 2026 during its earnings call and presentation. Investors are focused on whether the company can convert revenue growth into better margins and earnings in coming quarters. Wabash National Q3 2026 Earnings Call Transcript
Negative Sentiment: Wabash reported a third-quarter loss of $0.63 per share, missing the consensus estimate for a $0.46 loss by $0.17. The result also deteriorated from a $0.51-per-share loss in the prior-year quarter, highlighting continued profitability pressure despite higher sales. Wabash National Reports Wider Than Expected Q3 2026 Loss
Negative Sentiment: The company posted a negative net margin of 5.48% and negative return on equity of 36.59%. Reports also characterized Wabash as sliding to a quarterly loss and issuing fourth-quarter guidance, increasing investor attention on near-term demand, costs and execution. Wabash National Slides To Q3 Loss, Guides Q4

About Wabash National

(Get Free Report)

Wabash National Corporation is a transportation equipment and logistics solutions manufacturer headquartered in Lafayette, Indiana. The company designs and produces equipment used to move freight across North America, serving trucking, transportation, distribution, and logistics customers.

Its product portfolio includes dry and refrigerated van trailers, platform trailers, truck-mounted tanks, and other specialized transportation equipment. Wabash also provides related parts, services, and technologies intended to support trailer maintenance, fleet operations, and supply-chain efficiency.