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

Commercial Vehicle

05/08/2024 22:22

* Commercial Vehicle Group Inc  CVGI.OQ  reported quarterly
adjusted earnings of 6 cents​​ per share for the quarter ended
in June, lower than the same quarter last year, when the company
reported EPS of 32 cents.  The mean expectation of
three analysts for the quarter was for earnings of 17 cents per
share. Wall Street expected results to range from 14 cents to 21
cents per share.
    * Revenue fell 12.3% to $229.91 million from a year ago;
analysts
expected $237.73 million. 
    * Commercial Vehicle Group Inc's reported EPS for the
quarter was
a loss of 5 cents​.
    * The company reported a quarterly loss of $1.6 million.
    * Commercial Vehicle Group Inc shares had fallen by 1.4%
this
quarter and lost 31.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 22.7%
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." 
    * The average consensus recommendation for the auto, truck &
motorcycle parts peer group is  "buy."

Wall Street's median 12-month price target for Commercial
Vehicle Group Inc is $11.00 
This summary was machine generated from LSEG data August 5 at
09:21 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
 Jun. 30 2024      0.17           0.06           Missed
 Mar. 31 2024      0.18           0.13           Missed
 Dec. 31 2023      0.15           0.09           Missed
 Sep. 30 2023      0.24           0.22           Missed