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

NN

05/05/2023 18:33

* NN Inc  NNBR.OQ  reported a quarterly adjusted loss of 12
cents​​ per share for the quarter ended in March. The mean
expectation of three analysts for the quarter was for a loss
of 7 cents per share.
    * Revenue fell 0.8% to $127.09 million from a year ago;
analysts
expected $130.55 million. 
    * NN Inc's reported EPS for the quarter was a loss of 29
cents​.
    * The mean earnings estimate of analysts had fallen by
about 766.7% in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * NN Inc shares had risen by 0.9% this quarter and
lost 28.0% so
far this year.
    * The company reported a quarterly loss of $10.18 million.
    * Wall Street's median 12-month price target for NN Inc is
$3.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
5 at 05:33 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.07          -0.12          Missed
 Dec. 31 2022      -0.02          -0.12          Missed
 Sep. 30 2022      0.01           0.03           Beat
 Jun. 30 2022      0.02           -0.09          Missed