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

Commercial Vehicle

01/11/2023 23:30

* Commercial Vehicle Group Inc  CVGI.OQ  reported quarterly
adjusted earnings of 22 cents​​ per share for the quarter ended
in September, higher than the same quarter last year, when the
company reported EPS of 15 cents.  The mean expectation of
two analysts for the quarter was for earnings of 24 cents per
share. 
    * Revenue fell 1.9% to $246.69 million from a year ago;
analysts
expected $252.16 million. 
    * Commercial Vehicle Group Inc shares had fallen by 10.2%
this
quarter and gained 2.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 $13.00 
This summary was machine generated from LSEG data November 1 at
11:30 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.17           0.04           Missed