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

Greenland Technologies Holding

09/11/2022 11:59

* Greenland Technologies Holding Corp  GTEC.OQ  reported
quarterly
adjusted earnings of 10 cents​​ per share for the quarter ended
in September. The mean expectation of two analysts for the
quarter was for earnings of 13 cents per share.
    * Revenue fell 5.6% to $21.79 million from a year ago;
analysts
expected $25.45 million. 
    * Greenland Technologies Holding Corp's reported EPS for the
quarter was 10 cents​.
    * The mean earnings estimate of analysts had fallen by
about 7.1%
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 19.5%
this quarter and lost 66.7% so far this year.
    * The company reported quarterly net income of $1.28
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 November
9 at 11:59 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.13           0.10           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