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

Greenland Technologies Holding

19/05/2023 14:30

* Greenland Technologies Holding Corp  GTEC.OQ  reported
quarterly
adjusted earnings of 11 cents​​ per share for the quarter ended
in March. The mean expectation of two analysts for the quarter
was for a loss of 2 cents per share.
    * Revenue fell 24.4% to $22.15 million from a year ago;
analysts
expected $20.55 million. 
    * Greenland Technologies Holding Corp's reported EPS for the
quarter was 11 cents​.
    * The mean earnings estimate of analysts had fallen by
about 118.2% 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 fallen
by 19.0%
this quarter and lost 39.4% so far this year.
    * The company reported quarterly net income of $1.45
million.
    * Wall Street's median 12-month price target for Greenland
Technologies Holding Corp is $9.50 
    * 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 LSEG Refinitiv data May
19 at 01:30 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.02          0.11           Beat
 Dec. 31 2022      0.08           -0.08          Missed
 Sep. 30 2022      0.13           0.10           Missed
 Jun. 30 2022      0.16           0.13           Missed