Earnings Preview: YRC Worldwide

| About: YRC Worldwide, (YRCW)

YRC Worldwide (NASDAQ:YRCW) is expected to report Q4 earnings after market close Thursday, January 29, after the market close, with a conference call scheduled for Friday, January 30 at 9:00 am ET.


Analysts are looking for EPS of (66c) on revenue of $2.04B. The consensus range is (83c)-(48c) for EPS, and revenue range of $1.78B-$2.31B, according to First Call. When the company reported its Q3 results it announced it expects net 2008 capital expenditures of $50M-$75M, and Q4 total debt reduction of at least $100M. The company's shares have plummeted -81.62% in the past 6 months. YRC Worldwide shares were trading at $20.29 on July 25, and are currently at $3.73.

Analyst Views

In early December, YRC Worldwide was upgraded to Neutral from Underweight at JP Morgan. The firm upgraded the company following the announcement that the company and the Teamsters will vote on contract modifications. YRC Worldwide was also upgraded to Market Perform from Underperform at Wachovia in early January. The firm no longer believes the risk-reward ratio of shorting the stock is compelling at current levels. The firm now sees limited downside risk in the shares.