Dana Q4 Adj. EPS $(0.08) Misses $(0.06) Estimate, Sales $2.49B Miss $2.59B Estimate
Portfolio Pulse from Benzinga Newsdesk
Dana Inc. (NYSE:DAN) reported Q4 adjusted EPS of $(0.08), missing the $(0.06) estimate, and sales of $2.49B, missing the $2.59B estimate. This represents a 20% increase in losses per share and a 2.39% decrease in sales compared to the same period last year.
February 20, 2024 | 12:03 pm
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NEGATIVE IMPACT
Dana Inc. reported a Q4 adjusted EPS of $(0.08), missing estimates, and sales of $2.49B, also missing estimates. Losses per share increased by 20% and sales decreased by 2.39% year-over-year.
Missing both EPS and sales estimates indicates underperformance, which typically leads to negative investor sentiment in the short term. The year-over-year increase in losses and decrease in sales further contribute to a negative outlook for Dana Inc.'s stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100