Commercial Vehicle Group Inc reports results for the quarter ended December 31 - Earnings Summary

Reuters
03-11
Commercial Vehicle Group Inc reports results for the quarter ended December 31 - Earnings Summary
  • Commercial Vehicle Group Inc CVGI.OQ reported a quarterly adjusted loss of 15 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 9 cents. The mean expectation of two analysts for the quarter was for a loss of 7 cents per share. Wall Street expected results to range from -8 cents to -7 cents per share.

  • Revenue fell 26.8% to $163.29 million from a year ago; analysts expected $158.36 million.

  • Commercial Vehicle Group Inc's reported EPS for the quarter was a loss of $1.15​.

  • The company reported a quarterly loss of $38.72 million.

  • Commercial Vehicle Group Inc shares had fallen by 18.1% this quarter.

FORECAST CHANGES

  • The mean earnings estimate of analysts had fallen by about 287.5% 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 "strong 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 auto, truck & motorcycle parts peer group is "buy."

Wall Street's median 12-month price target for Commercial Vehicle Group Inc is $6.00

This summary was machine generated from LSEG data March 10 at 10:25 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 2024

-0.07

-0.15

Missed

Sep. 30 2024

0.04

-0.01

Missed

Jun. 30 2024

0.17

0.06

Missed

Mar. 31 2024

0.18

0.13

Missed

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