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

Greenland Technologies Holding

19/08/2024 10:01

* Greenland Technologies Holding Corp  GTEC.OQ  reported
quarterly
adjusted earnings of 38 cents​​ per share for the quarter ended
in June, higher than the same quarter last year, when the
company reported EPS of 18 cents.  The lone analyst forecast for
the quarter was for earnings of 3 cents per share. 
    * Revenue fell 2.3% to $23.02 million from a year ago;
analysts
expected $24.00 million. 
    * Greenland Technologies Holding Corp's reported EPS for the
quarter was 34 cents​.
    * The company reported quarterly net income of $4.65
million.
    * Greenland Technologies Holding Corp shares had risen
by 60.7%
this quarter and lost 19.4% so far this year.

FORECAST CHANGES
    * 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 August 19 at
09:01 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
 Jun. 30 2024      0.03           0.38           Beat
 Mar. 31 2024      0.03           0.18           Beat
 Dec. 31 2023                     1.39           
 Sep. 30 2023      0.06           -0.07          Missed