Dana Inc reports results for the quarter ended in January - Earnings Summary

Dana

31/07/2024 14:38

* Dana Inc  DAN.N  reported quarterly adjusted earnings of
31
cents​​ per share for the quarter ended in January, lower than
the same quarter last year, when the company reported EPS of 37
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 28 cents per share. Wall Street expected
results to range from 21 cents to 34 cents per share.
    * Revenue fell 0.4% to $2.74 billion from a year ago;
analysts
expected $2.77 billion. 
    * Dana Inc's reported EPS for the quarter was 11 cents​.
    * The company reported quarterly net income of $16 million.
    * Dana Inc shares had fallen by 2.9% this quarter and
lost 19.4%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.8%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the auto, truck &
motorcycle parts peer group is also "hold"

Wall Street's median 12-month price target for Dana Inc is
$13.00 
This summary was machine generated from LSEG data July 31 at
01:37 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      0.28           0.31           Beat
 Mar. 31 2024      0.19           0.22           Beat
 Dec. 31 2023      -0.06          -0.08          Missed
 Sep. 30 2023      0.13           0.30           Beat