Gentex Corp reports results for the quarter ended in September 30 - Earnings Summary

Gentex

27/10/2024 15:40

* Gentex Corp  GNTX.OQ  reported quarterly adjusted earnings
of 53
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 45 cents.  The mean expectation of ten analysts for the
quarter was for earnings of 48 cents per share. Wall Street
expected results to range from 42 cents to 52 cents per share.
    * Revenue rose 5.7% to $608.53 million from a year ago;
analysts
expected $592.14 million. 
    * Gentex Corp's reported EPS for the quarter was 53 cents​.
    * The company reported quarterly net income of $122.55
million.
    * Gentex Corp shares had fallen by 0.1% this quarter and
lost 9.2%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.2%
in the last three months.​ 
    * In the last 30 days, seven analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the auto, truck &
motorcycle parts peer group is also "buy"

Wall Street's median 12-month price target for Gentex Corp is
35.00 
This summary was machine generated from LSEG data October 27 at
03:39 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
 Sep. 30 2024      0.48           0.53           Beat
 Jun. 30 2024      0.52           0.37           Missed
 Mar. 31 2024      0.48           0.47           Missed
 Dec. 31 2023      0.44           0.50           Beat