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

Greenland Technologies Holding

20/11/2023 14:32

* Greenland Technologies Holding Corp  GTEC.OQ  reported a
quarterly adjusted loss of 7 cents​​ per share for the quarter
ended in September, lower than the same quarter last year, when
the company reported EPS of 10 cents.  The mean expectation of
two analysts for the quarter was for earnings of 6 cents per
share. Wall Street expected results to range from zero cents
to 11 cents per share.
    * Revenue rose 0.2% to $21.84 million from a year ago;
analysts
expected $24.27 million. 
    * Greenland Technologies Holding Corp's reported EPS for the
quarter was a loss of 7 cents​.
    * The company reported a quarterly loss of $887 thousand.
    * Greenland Technologies Holding Corp shares had risen
by 7.1%
this quarter and gained 53.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 37.5%
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 November 20 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.06           -0.07          Missed
 Jun. 30 2023      0.04           0.18           Beat
 Mar. 31 2023      -0.02          0.11           Beat
 Dec. 31 2022      0.08           -0.08          Missed