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

Gentherm

30/04/2024 14:31

* Gentherm Inc  THRM.OQ  reported quarterly adjusted
earnings of
62 cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 49
cents.  The mean expectation of five analysts for the quarter
was for earnings of 43 cents per share. Wall Street expected
results to range from 34 cents to 49 cents per share.
    * Revenue fell 2.1% to $356.02 million from a year ago;
analysts
expected $358.53 million. 
    * Gentherm Inc's reported EPS for the quarter was 47 cents​.
    * The company reported quarterly net income of $14.79
million.
    * Gentherm Inc shares had fallen by 12.5% this quarter and
lost 3.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 21.8%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

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
$67.50 
This summary was machine generated from LSEG data April 30 at
01:31 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      0.43           0.62           Beat
 Dec. 31 2023      0.52           0.90           Beat
 Sep. 30 2023      0.68           0.64           Missed
 Jun. 30 2023      0.52           0.58           Beat