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

Commercial Vehicle

06/05/2024 23:04

* Commercial Vehicle Group Inc  CVGI.OQ  reported quarterly
adjusted earnings of 9 cents​​ per share for the quarter ended
in March, lower than the same quarter last year, when the
company reported EPS of 28 cents.  The mean expectation of
three analysts for the quarter was for earnings of 18 cents per
share. Wall Street expected results to range from 14 cents to 21
cents per share.
    * Revenue fell 11.7% to $232.07 million from a year ago;
analysts
expected $240.88 million. 
    * Commercial Vehicle Group Inc's reported EPS for the
quarter was
9 cents​.
    * The company reported quarterly net income of $2.94
million.
    * Commercial Vehicle Group Inc shares had fallen by 7.0%
this
quarter and lost 14.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 23.6%
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 May 6 at 10:04
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
 Mar. 31 2024      0.18           0.09           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