NN Inc reports results for the quarter ended in December - Earnings Summary

NN

11/03/2024 22:43

* NN Inc  NNBR.OQ  reported a quarterly adjusted loss of 10
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -12
cents.  The mean expectation of two analysts for the quarter was
for a loss of 8 cents per share. Wall Street expected results to
range from -11 cents to -5 cents per share.
    * Revenue fell 4.6% to $112.53 million from a year ago;
analysts
expected $113.15 million. 
    * NN Inc's reported EPS for the quarter was a loss of 50
cents​.
    * The company reported a quarterly loss of $20.54 million.
    * NN Inc shares had risen by 21.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the industrial
machinery & equipment peer group is also "buy"

Wall Street's median 12-month price target for NN Inc is $5.50 
This summary was machine generated from LSEG data March 11 at
10:42 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.08          -0.10          Missed
 Sep. 30 2023      -0.06          0.01           Beat
 Jun. 30 2023      -0.06          -0.08          Missed
 Mar. 31 2023      -0.07          -0.12          Missed