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

NN

07/05/2024 24:37

* NN Inc  NNBR.OQ  reported a quarterly adjusted loss of 8
cents​​
per share for the quarter ended in March, higher than the same
quarter last year, when the company reported EPS of -12 cents. 
The mean expectation of four analysts for the quarter was for a
loss of 7 cents per share. Wall Street expected results to range
from -10 cents to -5 cents per share.
    * Revenue fell 4.6% to $121.20 million from a year ago;
analysts
expected $119.73 million. 
    * NN Inc's reported EPS for the quarter was a loss of 34
cents​.
    * The company reported a quarterly loss of $12.54 million.
    * NN Inc shares had fallen by 25.5% this quarter and
lost 11.8% so
far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.1%
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." 
    * Wall Street's median 12-month price target for NN Inc is
$7.00 

This summary was machine generated from LSEG data May 6 at 11:37
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
 Mar. 31 2024      -0.07          -0.08          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