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

NN

08/08/2024 24:23

* NN Inc  NNBR.OQ  reported a quarterly adjusted loss of 2
cents​​
per share for the quarter ended in January, higher than the same
quarter last year, when the company reported EPS of -8 cents. 
The mean expectation of four analysts for the quarter was for a
loss of 5 cents per share. Wall Street expected results to range
from -7 cents to -4 cents per share.
    * Revenue fell 1.8% to $122.99 million from a year ago;
analysts
expected $123.22 million. 
    * NN Inc's reported EPS for the quarter was a loss of 12
cents​.
    * The company reported a quarterly loss of $2.2 million.
    * NN Inc shares had risen by 12.0% this quarter and
lost 16.0% so
far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10%
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 industrial
machinery & equipment peer group is also "buy"

Wall Street's median 12-month price target for NN Inc is $7.00 
This summary was machine generated from LSEG data August 7 at
11:23 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
 Jun. 30 2024      -0.05          -0.02          Beat
 Mar. 31 2024      -0.07          -0.08          Missed
 Dec. 31 2023      -0.08          -0.10          Missed
 Sep. 30 2023      -0.06          0.01           Beat