Gentherm Q3 Adj EPS $0.64 Misses $0.68 Estimate, Sales $366.19M Miss $382.75M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gentherm (NASDAQ:THRM) reported Q3 adjusted earnings of $0.64 per share, missing the analyst consensus estimate of $0.68 by 5.88%. This is a 8.57% decrease from the same period last year. The company also reported quarterly sales of $366.19 million, missing the analyst consensus estimate of $382.75 million by 4.33%. However, this is a 9.98% increase from the same period last year.
October 26, 2023 | 10:04 am
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NEGATIVE IMPACT
Gentherm's Q3 earnings and sales missed estimates, which could negatively impact its stock price in the short term.
Gentherm's Q3 earnings and sales fell short of analyst estimates, which is typically seen as a negative signal by the market and could lead to a decrease in its stock price. However, the company did see a nearly 10% increase in sales YoY, which could potentially offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100