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

Dana

01/05/2024 17:31

* Dana Inc  DAN.N  reported quarterly adjusted earnings of
22
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of 25
cents.  The mean expectation of eight analysts for the quarter
was for earnings of 19 cents per share. Wall Street expected
results to range from 7 cents to 32 cents per share.
    * Revenue rose 3.4% to $2.74 billion from a year ago;
analysts
expected $2.68 billion. 
    * Dana Inc's reported EPS for the quarter was 2 cents​.
    * The company reported quarterly net income of $3 million.
    * Dana Inc shares had fallen by 2.1% this quarter and
lost 14.9%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 35.3%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "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
$14.00 
This summary was machine generated from LSEG data May 1 at 04:31
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      0.19           0.22           Beat
 Dec. 31 2023      -0.06          -0.08          Missed
 Sep. 30 2023      0.13           0.30           Beat
 Jun. 30 2023      0.18           0.37           Beat