Commercial Vehicle Group Inc reports results for the quarter ended in December - Earnings Summary

Commercial Vehicle

05/03/2024 23:35

* Commercial Vehicle Group Inc  CVGI.OQ  reported quarterly
adjusted earnings of 9 cents​​ per share for the quarter ended
in December, higher than the same quarter last year, when the
company reported EPS of 4 cents.  The mean expectation of
two analysts for the quarter was for earnings of 14 cents per
share. Wall Street expected results to range from 13 cents to 16
cents per share.
    * Revenue fell 5% to $223.09 million from a year ago;
analysts
expected $226.25 million. 
    * Commercial Vehicle Group Inc's reported EPS for the
quarter was
70 cents​.
    * The company reported quarterly net income of $23.28
million.
    * Commercial Vehicle Group Inc shares had fallen by 5.0%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Commercial
Vehicle Group Inc is $12.00 

This summary was machine generated from LSEG data March 5 at
11:35 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.15           0.09           Missed
 Sep. 30 2023      0.24           0.22           Missed
 Jun. 30 2023      0.24           0.32           Beat
 Mar. 31 2023      0.14           0.28           Beat