NN Inc expected to post a loss of 7 cents a share - Earnings Preview

NN

04/05/2024 03:35

* NN Inc  NNBR.OQ   NNBR.O  is expected to show a fall in
quarterly revenue when it reports  results on May 6 for the
period ending January 1 0001
    * The Charlotte North Carolina-based  company is expected to
report a 5.8% decrease in revenue to $119.733 million from
$127.09 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 7
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 $3.53. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023              -0.08      -0.10     Missed  -25
 Sep. 30 2023  -0.06       -0.06      0.01      Beat    115.4
 Jun. 30 2023  -0.07       -0.06      -0.08     Missed  -23.1​
 Mar. 31 2023  -0.07       -0.07      -0.12     Missed  -80
 ​​Dec.                    -0.02      -0.12     Missed  -500
 31 2022                                                
 Sep. 30 2022  0.01        0.01       0.03      Beat    200​
 Jan. 1 0001   0.02        0.02       -0.09     Missed  -550
 Mar. 31 2022  -0.03       -0.02      0.00      Beat    100
 This summary was machine generated May 4 at 02:35 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)