NN Inc expected to post a loss of 3 cents a share - Earnings Preview

NN

29/10/2024 03:03

* NN Inc  NNBR.OQ   NNBR.O  is expected to show a fall in
quarterly revenue when it reports  results on October 30 for the
period ending September 30 2024
    * The Charlotte North Carolina-based  company is expected to
report a 3.2% decrease in revenue to $120.501 million from
$124.44 million a year ago, according to the mean estimate from
3 analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for NN Inc is for a loss
of 3
cents per share. 
    * 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 mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for NN Inc is
7.00​,
above​ its last closing price of $3.95. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  -0.05       -0.05      -0.02     Beat    63.6
 Mar. 31 2024  -0.07       -0.07      -0.08     Missed  -6.7
 Dec. 31 2023              -0.08      -0.10     Missed  -25​
 Sep. 30 2023  -0.06       -0.06      0.01      Beat    115.4
 ​​Jun.        -0.07       -0.06      -0.08     Missed  -23.1
 30 2023                                                
 Mar. 31 2023  -0.07       -0.07      -0.12     Missed  -80​
 Dec. 31 2022              -0.02      -0.12     Missed  -500
 Sep. 30 2022  0.01        0.01       0.03      Beat    200
 This summary was machine generated October 29 at 03:03 GMT.  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)