NN Inc reports results for the quarter ended in September 30 - Earnings Summary

NN

31/10/2024 02:51

* NN Inc  NNBR.OQ  reported a quarterly adjusted loss of 5
cents​​
per share for the quarter ended September 30, lower than the
same quarter last year, when the company reported EPS of 1
cents.  The mean expectation of three analysts for the quarter
was for a loss of 3 cents per share. Wall Street expected
results to range from -6 cents to -1 cents per share.
    * Revenue fell 8.7% to $113.59 million from a year ago;
analysts
expected $120.50 million. 
    * NN Inc's reported EPS for the quarter was a loss of 13
cents​.
    * The company reported a quarterly loss of $2.56 million.
    * NN Inc shares had risen by 0.5% this quarter and lost 2.0%
so
far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 21.2%
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 October 31 at
02:51 a.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
 Sep. 30 2024      -0.03          -0.05          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