Greenland Technologies Holding Corp reports results for the quarter ended in December - Earnings Summary

Greenland Technologies Holding

17/04/2024 04:35

* Greenland Technologies Holding Corp  GTEC.OQ  reported
quarterly
adjusted earnings of $1.39​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of -8 cents.  The mean expectation of
two analysts for the quarter was for earnings of 7 cents per
share. Wall Street expected results to range from 1 cents to 12
cents per share.
    * Revenue rose 19% to $22.78 million from a year ago;
analysts
expected $21.00 million. 
    * Greenland Technologies Holding Corp's reported EPS for the
quarter was a loss of $1.42​.
    * The company reported a quarterly loss of $18.84 million.
    * Greenland Technologies Holding Corp shares had fallen
by 11.3%
this quarter and lost 29.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"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 Greenland
Technologies Holding Corp is $9.50 
This summary was machine generated from LSEG data April 17 at
03:35 a.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
 Dec. 31 2023      0.07           1.39           Beat
 Sep. 30 2023      0.06           -0.07          Missed
 Jun. 30 2023      0.04           0.18           Beat
 Mar. 31 2023      -0.02          0.11           Beat