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

Greenland Technologies Holding

12/08/2022 13:00

* Greenland Technologies Holding Corp  GTEC.OQ  reported
quarterly
adjusted earnings of 13 cents​​ per share for the quarter ended
in June. The mean expectation of two analysts for the quarter
was for earnings of 16 cents per share.
    * Revenue fell 27% to $20.60 million from a year ago;
analysts
expected $27.43 million. 
    * Greenland Technologies Holding Corp's reported EPS for the
quarter was 13 cents​.
    * The mean earnings estimate of analysts had fallen by
about 8.8%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Greenland Technologies Holding Corp shares had risen
by 12.0%
this quarter and lost 30.5% so far this year.
    * The company reported quarterly net income of $1.49
million.
    * Wall Street's median 12-month price target for Greenland
Technologies Holding Corp is $14.50 
    * 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." 

This summary was machine generated from Refinitiv data August 12
at 12:00 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.16           0.13           Missed
 Mar. 31 2022      0.09           0.16           Beat
 Dec. 31 2021      0.11           0.19           Beat
 Sep. 30 2021      0.12           0.09           Missed