* NN Inc 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