Gentherm Inc reports results for the quarter ended in June - Earnings Summary

Gentherm

31/07/2024 14:53

* Gentherm Inc  THRM.OQ  reported quarterly adjusted
earnings of
66 cents​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of 58
cents.  The mean expectation of five analysts for the quarter
was for earnings of 61 cents per share. Wall Street expected
results to range from 57 cents to 65 cents per share.
    * Revenue rose 0.9% to $375.68 million from a year ago;
analysts
expected $374.15 million. 
    * Gentherm Inc's reported EPS for the quarter was 60 cents​.
    * The company reported quarterly net income of $18.88
million.
    * Gentherm Inc shares had risen by 2.0% this quarter and
lost 3.9%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.5%
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 "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and 1 "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 Gentherm Inc is
$68.00 
This summary was machine generated from LSEG data July 31 at
01:53 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      0.61           0.66           Beat
 Mar. 31 2024      0.43           0.62           Beat
 Dec. 31 2023      0.52           0.90           Beat
 Sep. 30 2023      0.68           0.64           Missed